Atul sold two sacks of rice for ₹19,200 each. On one, he gained 20% and on the other, he lost 20%. Find his gain or loss percentage in the whole transaction.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 4% loss.
Net effect = x + y + xy/100
x = +20, y = -20
⇒ 20 - 20 - 400/100 = -4 [negative sign shows discount]
Thus, 4% loss occurred