A man sold two housing apartments for Rs 2 5 lakhs each He sold one at 20 loss and the other a...........

Quantitative Aptitude ( CCS) Profit and loss

A man sold two housing apartments for Rs. 2.5 lakhs each. He sold one at 20% loss and the other at 20% gain. Find his overall gain or loss percentage.

No profit no loss

4% loss

4% profit

None of these

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Explanation:

If the Selling Price of two items is same and one is sold at profit and another at loss and the Percentage of Profit and Loss is same, Then there will always be a loss of x²/100 % . Where x = (Profit or Loss Percentage Value which is 20 here).

Putting x = 20 in the required Result.

20²/100 % = 4% Loss.