QQuestion DetailMCQ
A shopkeeper sells two books for the same selling price. He gains 30% on one and loses 30% on the other. What is the net result?
A11.0% Loss
B10.0% Loss
C9.0% Loss
D8.0% Loss
Answer
8.0% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=30. Net Loss = (30/10)^2 = 9.0%.