A man two flats for $675958 each. On one he gains 13% while on the other he loses 13%. How much does he gain or lose in the whole transaction? Choose the correct choice from the following options:
A) 1.69%
B) 2.56%
C) 3.12%
D) 4.65%
E) 5.12%
In such a case there is always a loss   Loss% = (13/10)^2 = 120/71 = 1.69%   1.69%nswer is 1.69%
<result>A</result>
A man two flats for $675958 each. On one he gains 13% while on the other he loses 13%. How much does he gain or lose in the whole transaction?