QQuestion DetailMCQ
A trader sells two kitchen tools for equal selling prices. On one he makes 20% profit and on the other 20% loss. What is the net loss percentage?
A3.0% Loss
B6.0% Loss
C5.0% Loss
D4.0% Loss
Answer
4.0% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=20. Net Loss = (20/10)^2 = 4.0%.
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