Multiple choice

A man sold two houses for rs.96000 each, in the sale of the first house, he incurred 20% profit and in the sale of the second, he incurred 20% loss. What is the gain or loss percentage in total

  1. 6% gain

  2. 6% loss

  3. 4% gain

  4. 4% loss
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

When two items are sold at the same price with x% profit and x% loss, the overall result is always a loss of (x/10)^2 percent. Here, (20/10)^2 = 4% loss.

AI explanation

When two items are sold at the same selling price with a profit of x% and a loss of x%, the overall loss percentage can be found using the standard formula of x squared divided by 100. Substituting the values from the problem, the calculation is 20 multiplied by 20 divided by 100. This results in a 4% loss. The result is 4% loss.

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