A shopkeeper sells two shirts for the same selling price. He gains 12% on one and loses 12% on the other. What is the net result?

A1.44% Loss

B0.44% Loss

C2.44% Loss

D3.44% Loss

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Answer

0.44% Loss

When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=12. Net Loss = (12/10)^2 = 1.44%.

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