Question

Mayawati buys two elephants for 40,000 each, She sells one at a profit of $20\%$ and other at a loss of $20\%$ . What is her profit/ loss percentage?

• A. 4%profit
• B. 4%loss
• C. 10%loss
• D. No profit, No loss

Answer 1

The correct option is D No profit, No loss

20% of 40,000 = 8000.

Profit = loss = 8000.

Hence, No Profit, No loss; Option (d).