QQuestion DetailMCQ
A trader sells two lamps at the same selling price. On one he gains 30% and on the other he loses 30%. Find the overall profit or loss percentage.
A10.0% Loss
B9.0% Loss
C8.0% Loss
D11.0% Loss
Answer
8.0% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=30. Net Loss = (30/10)^2 = 9.0%.
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