A man sold two houses for ₹ 96000 each. In the sale of the first house, he incurred 20% profit and in the sale of the second, he incurred 20% loss. what is the gain or loss percentage in total?

Q: A man sold two houses for ₹ 96000 each. In the sale of the first house, he incurred 20% profit and in the sale of the second, he incurred 20% loss. what is the gain or loss percentage in total?

Here, a = 20% ∴ Total loss percentage = a2/100 % = (20 x 20)/100 = 4%

6% gain
6% loss
4% gain
4% loss

Correct Answer: 4% loss

Explanation:

Here, a = 20%
∴ Total loss percentage = a²/100 %
= (20 x 20)/100
= 4%

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