Multiple choice

A man sells two scooters at 36000 each. On one scooter he makes 15% profit and on the other he makes 15% loss. Find the profit or loss percentage in the whole transaction.

  1. 2.25% loss

  2. 2.25% profit

  3. 22.5% loss

  4. 22.5% profit
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A Correct answer
Explanation

When two items are sold at the same price with the same percentage of profit and loss, the overall result is always a loss. The formula for this loss percentage is (common percentage/10)^2, which is (15/10)^2 = 1.5^2 = 2.25%.

AI explanation

When two items are sold at the same selling price and one is sold at a gain of x percent while the other is sold at a loss of x percent, the overall transaction always yields a loss percentage given by the formula (x/10)^2. Using x = 15, the loss percentage is (15/10)^2 = 2.25%. The total loss is 2.25%.

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