Arithmetichard · Past Paper
A man sells two fans for Rs. 1,200 each. On one he gains 20% and on the other he loses 20%. What is his overall gain or loss percentage?
ANo gain no loss
B4% gain
C4% loss
D2% loss
✓ Correct Answer: C — 4% loss
In such cases, there is always a loss = (x/10)^2 % = (20/10)^2 = 4% loss.
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