A person sells two articles for Rs. 600 each. On one he gains 20% and on the other he loses 20%. What is the net percentage gain or loss?
A2% profit
B4% loss
CNo profit/loss
D4% profit
Explanation
When two items are sold at the same price, one at a gain of x% and other at a loss of x%, there is always an overall loss given by (x/10)^2 % = (20/10)^2 = 4% loss.
Exam Relevance
- Topic: Profit and Loss
- Subtopic: Successive Transactions
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