QQuestion DetailMCQ
A trader sells two toys for equal selling prices. On one he makes 18% profit and on the other 18% loss. What is the net loss percentage?
A3.24% Loss
B2.24% Loss
C4.24% Loss
D5.24% Loss
Answer
2.24% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=18. Net Loss = (18/10)^2 = 3.24%.
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