Ms. Mary sold two properties, X and Y, for $40,000 each. She sold property X for 20 % more than she paid for it and sold property Y for 20% less than she paid for it. If expenses are disregarded , what was her total net gain or loss, if any, on the two properties ?
Choose the correct choice from the following answers
A) $3233.33  B) $3433.33  C) $3333.33  D) $3533.33  E) $3633.33
There is a property to solve such questions withCommon Selling PriceandCommon %gain and loss. such cases always result in a loss and...   Total %Loss = (Common Gain% or Loss%/10)^2   Hence Here Loss% = (20/10)^2 = 4%   which means he recovered only 96% of his investment which amount to a total revenue = 40000 + 40000= 
<gadget id="calculator">40000 + 40000</gadget>
<output>80_000</output>
80000   i.e. 96% of cost= 80000   therefore, 4% of cost (Loss) = $3333.33   Answer: $3333.33
<result>C</result>
Ms. Mary sold two properties, X and Y, for $40,000 each. She sold property X for 20 % more than she paid for it and sold property Y for 20% less than she paid for it. If expenses are disregarded , what was her total net gain or loss, if any, on the two properties ?