Multiple choice

A trader sells two computers at the same price. On one he makes a profit of 15% and on the other he suffers a loss of 15%. Find his gain or loss percent.

  1. 2.25% loss

  2. 2.25% profit

  3. 4.5% loss

  4. 4.5% profit
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

When selling at the same price with x% profit and x% loss, there is always a loss of (x/10)² percent. Here x=15, so loss = (15/10)² = 2.25%. This happens because the loss amount is always greater than the profit amount when cost prices differ.

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