QQuestion DetailMCQ
A trader sells two lamps at the same selling price. On one he gains 12% and on the other he loses 12%. Find the overall profit or loss percentage.
A2.44% Loss
B3.44% Loss
C1.44% Loss
D0.44% Loss
Answer
0.44% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=12. Net Loss = (12/10)^2 = 1.44%.
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