A furniture seller sells two tables ₹ 1500 each. He earned a profit of 20% on one table and suffered a loss of 20% on the another table. Net profit or loss in this deal is

Q: A furniture seller sells two tables ₹ 1500 each. He earned a profit of 20% on one table and suffered a loss of 20% on the another table. Net profit or loss in this deal is

Required loss = (a/10)2% = (20/10)2% = 4% Thus, seller gets 4% loss in the deal.

4% loss
4% profit
Neither profit nor loss
10% loss

Correct Answer: 4% loss

Explanation:

Required loss = (a/10)²%
= (20/10)²% = 4%
Thus, seller gets 4% loss in the deal.

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