A shopkeeper sells two refrigerator sets at the same price. He gains 40% on one refrigerator and loses 40% on the other. What is his net loss percentage in the whole transaction?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 16%.
Loose % = 40 - 40 - (40 × 40)/100
Loose % = 16%