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A shopkeeper sells two articles for Rs 1000 each. On one he gains 25% and on the other he loses 25%. His net result is
A6.25% loss on whole transaction
B6.25% profit on whole transaction
C12.5% loss on whole transaction
DNo profit, no loss
Answer & Solution
Correct answer: A. 6.25% loss on whole transaction
CP of first = 1000/1.25 = 800; CP of second = 1000/0.75 = 1333.33. Total CP = 2133.33; total SP = 2000. Loss = 133.33/2133.33 ≈ 6.25%. Equal gain and loss percent on equal SP always yields a small net loss.
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