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Two bicycles were sold for $ 3990 each, gaining 5% on one and losing 5% on other. The gain or loss percent on the whole transaction is :
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- neither gain nor loss
- 2.5% gain
- 2.5% loss
- 0.25% loss
Correct Option: D
As we know that In such a situation, there is always a loss.The selling price is immaterial.
Here , y = 5%
| ∴ Required loss% = | 100 |
| Required loss% = | = 0.25% | 100 |
