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?

Q: 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?

loss % = c o m m o n g a i n o r l o s s 10 2 % = (20/10)x(20/10)% = 4%

1%
2%
4%
0%

Correct Answer: 4%

Explanation:

loss % = $\frac{c o m m o n g a i n o r l o s s}{10} 2$ %

= (20/10)x(20/10)% = 4%

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