QQuestion DetailMCQ
A trader sells two jackets for equal selling prices. On one he makes 5% profit and on the other 5% loss. What is the net loss percentage?
A0% Loss
B1.25% Loss
C0.25% Loss
D2.25% Loss
Answer
2.25% 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%.