QQuestion DetailMCQ
A trader sells two clocks for equal selling prices. On one he makes 30% profit and on the other 30% loss. What is the net loss percentage?
A8.0% Loss
B10.0% Loss
C9.0% Loss
D11.0% Loss
Answer
11.0% 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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