A man two flats for $675958 each. On one he gains 16% while on the other he loses 16%. How much does he gain or lose in the whole transaction? Choose the correct choice from the following answers
A) 2%
B) 2.56%
C) 3.12%
D) 4.65%
E) 5.12%
In such a case there is always a loss   Loss% = (16/10)^2 = 64/25= 
<gadget id="calculator">64/25</gadget>
<output>64/25 = around 2.56</output>
2.56%   Answer is 2.56%
<result>B</result>
A man two flats for $675958 each. On one he gains 16% while on the other he loses 16%. How much does he gain or lose in the whole transaction?