A Shopkeeper sold two types of rice at the same selling price, one at the profit of 25% and another at the loss of 25%. Find his total profit or loss percentage.
Answer
Correct Answer : a ) 6.25% loss
Explanation :According to the question
Profit made on the first type of rice = 25%
Loss made on the second type of rice = 25%
We know that
When the profit and loss percentage is equal then there is always the loss.
Loss percentage=\(x^2 \over 100\)
Where x is the percentage of profit and loss
Substituting the values
Overall Loss=\({25*25} \over 100\)
⇒ 6.25% loss
Hence, (a) is the correct answer.
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