Ms. Lily sold two properties, X and Y, for $26,000 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 ? Select the correct option:
A) $2166.67
B) $2226.67
C) $2326.67
D) $2426.67
E) $2526.67
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 = 26000 + 26000= 
<gadget id="calculator">26000 + 26000</gadget>
<output>52_000</output>
52000   i.e. 96% of cost= 52000   therefore, 4% of cost (Loss) = $2166.67   $2166.67nswer: $2166.67
<result>A</result>
Ms. Lily sold two properties, X and Y, for $26,000 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 ?