QQuestion DetailMCQ
A trader sells two jackets at the same selling price. On one he gains 20% and on the other he loses 20%. Find the overall profit or loss percentage.
A6.0% Loss
B4.0% Loss
C3.0% Loss
D5.0% Loss
Answer
3.0% 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%.