Multiple choice

An auto-mobile seller sold 2 scooters for Rs. 12,000 each, gaining 20% on one and losing 20% on the other. What is the gain or loss percent in the whole transaction?

  1. Loss 4%

  2. Gain 4%

  3. Loss 2%

  4. Gain 2%

  5. None of these
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A Correct answer
Explanation

When selling price is the same and profit/loss percentages are equal, there is always a loss of (x^2)/100 percent. Loss = (20^2)/100 = 4%.

AI explanation

When two items are sold at the same price with a gain of x% on one and a loss of x% on the other, applying the equal gain and loss percentage formula results in an overall loss of (x^2 / 100)%. Substituting the given value of 20 for x, the calculation is (20 * 20) / 100. The result is a 4% loss in the whole transaction.

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