Ms. Mary sold two properties, X and Y, for $25,000 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 ? Options
A) $2100 B) $2222 C) $2320 D) $2083.33 E) $2183.33
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 = 25000 + 25000= 
<gadget id="calculator">25000 + 25000</gadget>
<output>50_000</output>
50000   i.e. 96% of cost= 40000   therefore, 4% of cost (Loss) = $2083.33   Answer: $2083.33
<result>D</result>
Ms. Mary sold two properties, X and Y, for $25,000 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 ?