Profit and Loss Practice Test 9

Question : 22 of 40

Marks: +1, -0

A dealer sold two types of goods for Rs 10,000 each. On one of them, he lost 20% and on the other, he gained 20%. His gain or loss per cent in the entire transaction was:

2% loss
2% gain
4% gain
4% loss

Validate

Solution:

Loss percentage = 20%
Gain percentage = 20%
Loss per cent in the entire transaction

={\loss% ×\gain%}/100

={20×20}/100=4%\loss

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