QQuestion DetailMCQ
Two watches are sold at the same price. The seller gains 8% on one and loses 8% on the other. Find the overall profit or loss percent.
A0.64% Loss
B2.64% Loss
C0% Loss
D1.64% Loss
Answer
2.64% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=8. Net Loss = (8/10)^2 = 0.64%.
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