A man sold two houses for ₹ 96000 each. In the sale

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A man sold two houses for ₹ 96000 each. In the sale of the first house, he incurred 20% profit and in the sale of the second, he incurred 20% loss. what is the gain or loss percentage in total ?

1. 6% gain
2. 6% loss
3. 4% gain
4. 4% loss

Correct Option: D

Here, a = 20%
∴ Total loss percentage = a²/100 %
= (20 x 20)/100
= 4%