QQuestion DetailMCQ
A trader sells two wallets at the same selling price. On one he gains 10% and on the other he loses 10%. Find the overall profit or loss percentage.
A2.0% Loss
B0% Loss
C3.0% Loss
D1.0% Loss
Answer
1.0% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=10. Net Loss = (10/10)^2 = 1.0%.
Related
Related Article
Profit and Loss – Formula, Tricks, and Examples
Open Detailed ArticleCopyright 2026 Exambodh - aptitude, reasoning & verbal practice.