ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price.
Posted on 27-03-2023
Ques - 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?
(a) 1%
(b) 2%
(c) 4%
(d) 0%
Solution -
Loss % = [(common gain or loss) / 10]² %
Loss % = (20/10)² %
= 4%
The loss is incurred by ITC is 4%.
Hence,
The correct answer is option (c) 4%.
Thank You