Two phones are sold for ₹1,200 each, one at a 20% profit and the other at a 20% loss. What is the overall result?
Correct answer: D. 4% loss
Cost prices: 1200 ÷ 1.2 = ₹1000 and 1200 ÷ 0.8 = ₹1500; total ₹2500. Sales total ₹2400, a loss of ₹100, which is 4% of the cost.
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