Question

A man sold two mobile phones at 4,500 each. He sold one at a loss of 15% and the other at a gain of 15%. His loss or gain is........

• A. 15% gain
• B. 15% loss
• C. 2.25% gain
• D. 2.25% loss

Answer 1

Answer:

D. 2.25% loss

Gain and loss is at same %.So this sale is loss and the loss percent is (15/100)^2=2.25 loss