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?
Aptitude
Profit and Loss
Choose an option
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A1 %
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B2 %
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C4 %
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D0 %
Answer
Correct Answer: 4 %
Explanation
Loss % = ( common gain or loss / 10 )2 % = (20 / 10)2 % = 4%