QQuestion DetailMCQ
A dealer sells two jackets at identical selling prices. One gives him 5% profit and the other results in 5% loss. Calculate the overall percentage loss.
A2.25% Loss
B1.25% Loss
C0.25% Loss
D0% Loss
Answer
0% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=5. Net Loss = (5/10)^2 = 0.25%.
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