QQuestion DetailMCQ
A shopkeeper sells two wallets for the same selling price. He gains 15% on one and loses 15% on the other. What is the net result?
A3.25% Loss
B2.25% Loss
C1.25% Loss
D4.25% Loss
Answer
1.25% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=15. Net Loss = (15/10)^2 = 2.25%.
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