QQuestion DetailMCQ
Two school kits are sold at the same price. The seller gains 5% on one and loses 5% on the other. Find the overall profit or loss percent.
A2.25% Loss
B0% Loss
C1.25% Loss
D0.25% Loss
Answer
0.25% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=5. Net Loss = (5/10)^2 = 0.25%.