Question 87

Ravi sold two bicycles at the same price, but gained 20% on one and on the other bicycle lost 20%. Find his profit or loss in the transaction involved.

Solution

If we gain same as loss by selling an item ,then we incur a loss.

Here loss percentage is = $$\left(\frac{20}{100}\times\frac{20}{100}\right)=0.04\ loss.$$

B is correct choice.

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