QQuestion DetailMCQ
A trader sells two kitchen tools for equal selling prices. On one he makes 8% profit and on the other 8% loss. What is the net loss percentage?
A0.64% Loss
B1.64% Loss
C2.64% Loss
D0% Loss
Answer
1.64% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=8. Net Loss = (8/10)^2 = 0.64%.
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