ITC sells one product at a profit of 20% another at a loss

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ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. , If SP of each article be Rs. 200, what is the amount of loss ?

1. Rs. 10
2. Rs. 16
3. Rs. 16.66
4. none of these

Correct Option: C

Loss % = ( common gain or loss / 10 )² %
= (20 / 10)² %
= 4%

Now assume total CP of both articles be x, then SP = 0.96x = 400
x = 400 / 0.96 = CP

loss = 4% of CP
= (4 / 100) X (400 / 0.96) = Rs. 16.66