Two lamps are sold at the same price. The seller gains 20% on one and loses 20% on the other. Find the overall profit or loss percent.

A6.0% Loss

B3.0% Loss

C4.0% Loss

D5.0% Loss

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Answer

5.0% 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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