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Ajay sold two motorbikes for Rs 40,000 each. He sold one at 20% profit and the other at 20% loss. Find the profit or loss percentage in the whole transaction.
A. 2% profit
B. 3% loss
C. 4% loss
D. No profit no loss

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Correct Answer - C
(i) Whenever SP is same and % of loss = % of profit =X % there is always loss and loss % `=(x^(2))/(100)`
(ii) In the given conditions trader suffer loss.
Loss percentage `=((" Profit % or loss % ")^(2))/(100) `

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