By Poonam

Verified by Ajay Kumar

A trader sells two articles at ₹960 each. On one, he gains 20%, and on the other, he loses 20%. What is his overall profit or loss percentage?

  1. 5% Profit

  2. 4% Loss

  3. 4% Profit

  4. 5% Loss

Answer: B

Solution

Overall loss percentage = \(20^2/100 = 4\%\). Therefore, the overall loss is 4%.

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