A trader sells two articles for ₹4,800 each. On one he gains 20% and on the other he loses 20%. What is his overall gain or loss percentage?
A. No profit, no loss
B. 4% gain
C. 2% loss
D. 4% loss
A. No profit, no loss
B. 4% gain
C. 2% loss
D. 4% loss
Best answer
Answer: D. 4% loss
Answer: (D) 4% loss
CP of first \(= \frac{4800}{1.2} = 4000\); CP of second \(= \frac{4800}{0.8} = 6000\). Total CP = 10000, total SP = 9600. Loss \(= 400\) i.e. 4%. (Shortcut: equal SP with \(\pm x\%\) gives loss \(\frac{x^2}{100}\% = 4\%\).)
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