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    Question

    A man sells two pipes at 12 each. He gains 20% on one

    and loses 20% on the other. In the whole transaction, there is
    A neither loss nor gain Correct Answer Incorrect Answer
    B profit of 1 Correct Answer Incorrect Answer
    C loss of 1 Correct Answer Incorrect Answer
    D Profit of 2 Correct Answer Incorrect Answer

    Solution

    We know that overall loss% = 4% {by 20 – 20 – (20 × 20)/100 = - 4%} 4% = 1/25 25 is CP so SP = 24 Therefore, loss of Rs. 1 will incurred in overall transaction.

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