Multiple choice

A shopkeeper sold two articles for Rs. 4800 each. He earned a profit of 20% on the first article and experienced a loss of 20% on the second article. What was his overall profit/loss percent?

  1. 4% Loss

  2. 4% Profit

  3. No profit, no loss

  4. 20% Loss

  5. None of these
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A Correct answer
Explanation

When two articles are sold at the same price with the same percentage of profit and loss, the overall result is always a loss calculated by (x^2 / 100)%. Here, (20^2 / 100) = 400 / 100 = 4% loss.

AI explanation

When two articles are sold at the same price with a profit of x% and a loss of x%, the net result is always a loss using the formula: (x^2 / 100)%. Here, x = 20, so the loss percentage is (20^2 / 100) = 400 / 100 = 4%. The result is a 4% loss.

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