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    By selling two items at the same price, a person gains 20% on one item and loses 20% on the other. Then over all
    Question

    By selling two items at the same price, a person gains 20% on one item and loses 20% on the other. Then over all

    A.

    he neither loses nor gains.

    B.

    he loses 5%.

    C.

    he loses 4%.

    D.

    he gains 4%.

    Correct option is C

    Concept:

    Solution:
    If a person gains x% on one item and loses x% on another item, the net result will always be a loss. 

    Here, the common percentage is 20%, so the net loss is
    Net loss=(20/10)2= 4%
    Therefore, the person incurs a net loss of 4%.
    Thus, the correct option is Option ( c).

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