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I am always confused for a question despite knowing the formula..

A man sold two chairs,one at 20% gain and another at 20% loss.Find his overall loss or gain percent. I know the formula but when i use the basic maths principle I get no loss no profit but actually there is always loss.And make me clear this thing if you can.

Your Answer

If the cost price of chair selling with more profit is more than , there will be gain otherwise there will be loss.

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