Two books are sold at the same price. The seller gains 30% on one and loses 30% on the other. Find the overall profit or loss percent.

A11.0% Loss

B10.0% Loss

C8.0% Loss

D9.0% Loss

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Answer

9.0% 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%.

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