Two articles are sold for Rs. 4800 each. On one, the seller gains 20% and on the other, he loses 20%. What is his overall gain or loss percentage? MCQ with Answer and Explanation
Two articles are sold for Rs. 4800 each. On one, the seller gains 20% and on the other, he loses 20%. What is his overall gain or loss percentage?
A. 8% Loss
B. 4% Loss
C. No Gain No Loss
D. 4% Gain
Answer: Option B
Solution (By JKSSB Mock Tests)
When two articles are sold at the same price, and one is sold at a gain of x% and the other at a loss of x%, there is always an overall loss. Loss percentage = (x^2) / 100 = (20^2) / 100 = 400 / 100 = 4% Loss.
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