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    Question

    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. 
    A 7% profit Correct Answer Incorrect Answer
    B 8% profit Correct Answer Incorrect Answer
    C 5% loss Correct Answer Incorrect Answer
    D 4% loss Correct Answer Incorrect Answer

    Solution

    Given: Atul sold two sacks at ₹19200 each Gain on one = 20% Loss on the other = 20%| Formula: Net Loss % = (Gain% × Loss%) / 100 = (20 × 20) / 100 = 400 / 100 = 4%

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