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A real estate agent sells two sites for ₹48,000 each. On one he gains 35% and on the other he loses 35%. What is his loss or gain percentage?
Question

A real estate agent sells two sites for ₹48,000 each. On one he gains 35% and on the other he loses 35%. What is his loss or gain percentage?

A.

12.25% Loss

B.

12.75% Profit

C.

12.75% Loss

D.

12.25% Profit

Correct option is A

Given:

Selling Price of each site = ₹48,000

Gain on one = 35%

Loss on the other = 35%

Concept Used:

When a person gains and loses the same percentage on two articles sold at the same selling price, there is always a net loss.​

Formula Used:

Net Loss % = (Gain%×Loss%)100\frac{(Gain\% \times Loss\%)}{100}​​

Solution:

Net Loss % = (35×35)100=1225100=12.25%\frac{(35 \times 35)}{100} = \frac{1225}{100} = 12.25\%​​

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