QQuestion DetailMCQ
A dealer sells two belts at identical selling prices. One gives him 20% profit and the other results in 20% loss. Calculate the overall percentage loss.
A5.0% Loss
B6.0% Loss
C3.0% Loss
D4.0% Loss
Answer
4.0% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=20. Net Loss = (20/10)^2 = 4.0%.