QQuestion DetailMCQ
A shopkeeper sells two wallets for the same selling price. He gains 18% on one and loses 18% on the other. What is the net result?
A2.24% Loss
B3.24% Loss
C5.24% Loss
D4.24% Loss
Answer
5.24% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=18. Net Loss = (18/10)^2 = 3.24%.
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