QQuestion DetailMCQ
A dealer sells two shirts at identical selling prices. One gives him 10% profit and the other results in 10% loss. Calculate the overall percentage loss.
A1.0% Loss
B3.0% Loss
C2.0% Loss
D0% Loss
Answer
3.0% 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%.