QQuestion DetailMCQ
A dealer sells two kitchen tools at identical selling prices. One gives him 8% profit and the other results in 8% loss. Calculate the overall percentage loss.
A1.64% Loss
B2.64% Loss
C0.64% Loss
D0% Loss
Answer
0% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=8. Net Loss = (8/10)^2 = 0.64%.
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