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 % = ( common gain or loss / 10 )2 % = (20 / 10)2 % = 4%

1 %
2 %
4 %
0 %

Correct Answer: 4 %

Explanation:

Loss % = ( common gain or loss / 10 )² %
= (20 / 10)² %
= 4%

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