A shopkeeper sells two tiffin boxes for the same selling price. He gains 30% on one and loses 30% on the other. What is the net result?

A11.0% Loss

B10.0% Loss

C8.0% Loss

D9.0% Loss

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Answer

9.0% 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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