QQuestion DetailMCQ
A dealer sells two wallets at identical selling prices. One gives him 18% profit and the other results in 18% loss. Calculate the overall percentage loss.
A2.24% Loss
B5.24% Loss
C4.24% Loss
D3.24% Loss
Answer
3.24% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=18. Net Loss = (18/10)^2 = 3.24%.
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