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A man sold two watches for $ 240 each. On one he gains 20% and incurs a loss of 20% on another. What is his gain or loss percent in this transaction?
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- 1% profit
- 2% loss
- 4% profit
- 4% loss
Correct Option: D
Using the given formula ,
Here , y = 20%
| ∴ Required loss% = | 100 |
| Required loss % = | = | = 4% | 100 | 100 |
