QQuestion DetailMCQ
A trader sells two jackets 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
B3.0% Loss
C0% 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%.
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