QQuestion DetailMCQ
A shopkeeper sells two tiffin boxes for the same selling price. He gains 20% on one and loses 20% on the other. What is the net result?
A6.0% Loss
B5.0% Loss
C3.0% 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%.