A man sells two articles for Rs. 4000 each. On one, he gains 20% and on the other, he loses 20%. Find his overall profit or loss percentage. MCQ with Answer and Explanation
A man sells two articles for Rs. 4000 each. On one, he gains 20% and on the other, he loses 20%. Find his overall profit or loss percentage.
A. 4% loss
B. 4% profit
C. 2% loss
D. No profit no loss
Answer: Option A
Solution (By JKSSB Mock Tests)
When two articles are sold at the same selling price, and one is sold at a profit of x% and the other at a loss of x%, there is always an overall loss. Loss % = (x^2)/100. Here, x = 20. Loss % = (400)/100 = 4%.
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