QQuestion DetailMCQ
A trader sells two wallets at the same selling price. On one he gains 5% and on the other he loses 5%. Find the overall profit or loss percentage.
A2.25% Loss
B1.25% Loss
C0% Loss
D0.25% Loss
Answer
0.25% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=5. Net Loss = (5/10)^2 = 0.25%.