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A man sells two pipes at $ 12 each. He gains 20% on one and loses 20% on the other. In the whole transaction, there is
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- neither loss nor gain
- profit of $ 1
- loss of $ 1
- Profit of $ 2
Correct Option: C
As we know that ,
| ∴ Required loss% = | 100 |
Here , y = 20
| Required loss% = | = | = 4% | 100 | 100 |
SP of two pipes = 2 × 12 = $ 24
∵ (100 – 4)% ≡ 24
| ∴ 4% = | × 4 = Loss of $ 1 | 96 |
