Mathematics · Profit and Loss

Ravi sold two bicycles at the same selling price. On one he gained 20% and on the other he lost 20%. Find his overall profit or loss percentage in the transaction.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Gain of 20%
2Loss of 4%✓
3Loss of 20%
4Gain of 10%

Correct answer

Loss of 4%

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Ravi sold two bicycles at the same selling price. On one he gained 20% and on the other he lost 20%. Find his overall profit or loss percentage in the transaction.

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Ravi sold two bicycles at the same selling price. On one he gained 20% and on the other he lost 20%. Find his overall profit or loss percentage in the transaction.

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