QQuestion DetailMCQ
A dealer sells two school kits at identical selling prices. One gives him 12% profit and the other results in 12% loss. Calculate the overall percentage loss.
A1.44% Loss
B2.44% Loss
C3.44% Loss
D0.44% Loss
Answer
2.44% 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%.
Related
Related Article
Profit and Loss – Formula, Tricks, and Examples
Open Detailed ArticleCopyright 2026 Exambodh - aptitude, reasoning & verbal practice.