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|Two wallets are sold at the same price. The seller gains 22% on one and loses 22% on the other. Find the overall profit or loss percent.

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QQuestion DetailMCQ

Two wallets are sold at the same price. The seller gains 22% on one and loses 22% on the other. Find the overall profit or loss percent.

A6.84% Loss

B5.84% Loss

C3.84% Loss

D4.84% Loss

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Answer

4.84% Loss

When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=22. Net Loss = (22/10)^2 = 4.84%.

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