QQuestion DetailMCQ
Two tiffin boxes are sold at the same price. The seller gains 20% on one and loses 20% on the other. Find the overall profit or loss percent.
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%.