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|A trader sells two school kits for equal selling prices. On one he makes 20% profit and on the other 20% loss. What is the net loss percentage?

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A trader sells two school kits for equal selling prices. On one he makes 20% profit and on the other 20% loss. What is the net loss percentage?

A3.0% Loss

B6.0% Loss

C5.0% Loss

D4.0% Loss

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Answer

4.0% 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%.

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