Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2005 · Marks: · Difficulty:
A man sells two articles for ₹ 240 each. On one he gains 20\% and on the other he loses 20\%. What is the gain or loss percent in the entire transaction?
(a)1\% gain
(b)2\% loss
(c)4\% gain
(d)4\% loss
Answer
Answer (as printed): D
Explanation
Loss $\%=\left(\frac{\text { Common Gain \& Loss } \%}{10}\right)^{2} \%=\left(\frac{20}{10}\right)^{2} \%=4 \%$.
Explanation as extracted from the printed page; notation may be imperfect.