WHEN A PERSON SELLS TWO ITEMS $1150 each, ONE AT A GAIN OF 20% AND OTHER AT A LOSS OF 20%.THEN THE SELLER INCURES A LOSS OR GAIN OF: Select the correct option:	A) 2% gain	B) no loss no gain	C) 4% loss	D) 1% loss	E) 5% gain
When two items are sold at the same price, one at a profit of a% and other at a loss of a% (which means the cost price of one item was lower than the selling price and the cost price of the other item was higher than the selling price), there will always be a loss of (a^2)/100 %. e.g. Here a = 20, so loss % = (20)^2/100 % = 4%.   Answer : 4% loss
<result>C</result>
WHEN A PERSON SELLS TWO ITEMS $1150 each, ONE AT A GAIN OF 20% AND OTHER AT A LOSS OF 20%.THEN THE SELLER INCURES A LOSS OR GAIN OF: