QQuestion DetailMCQ
A dealer sells two blankets at identical selling prices. One gives him 20% profit and the other results in 20% loss. Calculate the overall percentage loss.
A3.0% Loss
B4.0% Loss
C5.0% Loss
D6.0% Loss
Answer
5.0% 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%.
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