Two shirts are sold at the same price. The seller gains 12% on one and loses 12% on the other. Find the overall profit or loss percent.

A0.44% Loss

B3.44% Loss

C1.44% Loss

D2.44% Loss

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Answer

2.44% 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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