QQuestion DetailMCQ
A dealer sells two wallets at identical selling prices. One gives him 22% profit and the other results in 22% loss. Calculate the overall percentage loss.
A5.84% Loss
B6.84% Loss
C3.84% Loss
D4.84% Loss
Answer
4.84% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=22. Net Loss = (22/10)^2 = 4.84%.
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