ITC sells one product at a profit of 20% another at a loss

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ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. what is the loss incurred by ITC ?

1. 1 %
2. 2 %
3. 4 %
4. 0 %

Correct Option: C

Loss % = ( common gain or loss / 10 )² %
= (20 / 10)² %
= 4%