QQuestion DetailMCQ
A trader sells two bags for equal selling prices. On one he makes 10% profit and on the other 10% loss. What is the net loss percentage?
A0% Loss
B2.0% Loss
C3.0% 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%.