QQuestion DetailMCQ
A trader sells two kitchen tools at the same selling price. On one he gains 28% and on the other he loses 28%. Find the overall profit or loss percentage.
A7.84% Loss
B6.84% Loss
C8.84% Loss
D9.84% Loss
Answer
6.84% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=28. Net Loss = (28/10)^2 = 7.84%.
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