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A vendor sells two pens at the same price. On one he makes 20% profit, on the other he makes 20% loss. His net result is:
ANo profit no loss
B20% profit
C20% loss
D4% loss
Answer & Solution
Correct answer: D. 4% loss
Equal % gain and loss on two items at same SP gives net loss = (common %)²/100 = 400/100 = 4% loss.
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