Gill sold two dogs at the same price. In one, he gets a profit of 22% and in the other, he gets a loss of 22%. What is Gill's profit or loss percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 4.84% loss .
Let selling price of each dog = ₹100
Dog 1: Profit 22% → Cost price = 100 / 1.22 ≈ ₹81.97
Dog 2: Loss 22% → Cost price = 100 / 0.78 ≈ ₹128.21
Total cost price = 81.97 + 128.21 = ₹210.18
Total selling price = 100 + 100 = ₹200
Loss = 210.18 − 200 = ₹10.18
Loss % = (10.18 / 210.18) × 100 ≈ 4.84%