alleryA man sells two articles at Rs 480 each. On one he gains 20%, on the other he loses 20%. His overall loss is
ARs 60
BRs 80
CRs 20
DRs 40
Answer & Solution
Correct answer: D. Rs 40
We have CP1 = 480/1.20.
So CP1 = 400.
CP2 = 480/0.80 = 600. Total CP = 1000
total SP = 960. Loss = Rs 40. (Equal gain and loss% on equal SP always yields a small net loss.)
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