On two items of equal prices, T gets 12% profit on one item and incurs 8% loss on other. What is his overall profit or loss percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Profit, 2%.
When cost prices are equal:
Overall % gain or loss = (gain% - loss%) / 2
= (12 - 8) / 2 = 2% profit