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Gill sold two dogs at the same price. In one, he gets a profit of 22% and in the other, he gets a loss of 22%. What is Gill's profit or loss percentag
Question

Gill sold two dogs at the same price. In one, he gets a profit of 22% and in the other, he gets a loss of 22%. What is Gill's profit or loss percentage?

A.

4.4% profit

B.

4.84% loss

C.

4.84% profit

D.

4.4% loss

Correct option is B

Given:

- Selling price of both dogs is the same.

- Profit on one = 22%

- Loss on the other = 22%

Formula Used:

- Overall loss percentage when equal selling prices and equal gain/loss %:

- Loss % = (Common percentage)2100\frac{(Common \ percentage)^2 }{ 100}​​

Solution:

Loss % = (22)2100=484100=4.84% \frac{(22)^2 }{100} = \frac{484 }{ 100} = 4.84 \%​​

So, Gill incurs an overall loss of 4.84%

Final Answer: 4.84% Loss

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