Malik sells two tables for rs 3000 each He gains 20 on one table and on the other he loses 20 Find h...........

Quantitative Aptitude ( CCS) Profit and loss

Malik sells two tables for rs.3000 each. He gains 20% on one table and on the other he loses 20%. Find his gain or loss percent on whole transaction.

5% loss

4% loss

4% gain

None of these

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Explanation:

Let selling price of each table is 3000 Rs
Cost price , when he gains 20% = 3000/120 × 100 = 2500
Cost price , when he lost 20% = 3000/80 × 100 = 3750
Total cost price = 2500 + 3750 = 6250
Total loss = 6250 - 2 × 3000 = 250 Rs
Hence , loss % = 250/6250 × 100 = 4 %

Hence, option 2 is the correct answer.