Multiple choice

A man sold two articles for Rs. 3000 each, gaining 20% on the one and losing 20% on the other. Find his gain (or) loss percent on the whole transaction.

  1. 4% gain

  2. 4% loss

  3. 1% loss

  4. 1% gain
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

When selling two items at the same price with equal gain and loss percentages, the overall result is always a loss of (x^2 / 100)%. Here, (20^2 / 100) = 4% loss.

AI explanation

When two articles are sold at the same price with a gain of x percent and a loss of x percent, the overall transaction always results in a loss of x squared divided by 100. Applying this formula, the loss percentage is 20 squared divided by 100, which is 400 divided by 100, yielding a 4 percent loss.

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