A man sells two articles for ₹4000 each. On one, he gains 25%, and on the other, he loses 25%. What is his net gain or loss percentage in the entire transaction?
Show answer & explanation
Correct answer: B
Explanation
When two items are sold at the same selling price, with a profit of x% on one and a loss of x% on the other, a loss always occurs.
Loss percentage = x²/100
Here, x = 25
Loss % = 25²/100
= 625/100
= 6.25%