QQuestion DetailMCQ
A dealer sells two toys at identical selling prices. One gives him 28% profit and the other results in 28% loss. Calculate the overall percentage loss.
A9.84% Loss
B8.84% Loss
C7.84% Loss
D6.84% Loss
Answer
6.84% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=28. Net Loss = (28/10)^2 = 7.84%.
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