In two months trading a trander lost 20% inthe first month and gained 20% in the secound month.overall .what percentage of gain or loss did he incur.
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Let the initial investment be 100 Rs.
In the first month he lost 20%. Hence, money left 100X80%=80 Rs.
In 2nd month he earned 20%. Hence, money left 80X120%=96 Rs.
So, difference between final & initial = 96-100=-4 that means 4% loss.
In the first month he lost 20%. Hence, money left 100X80%=80 Rs.
In 2nd month he earned 20%. Hence, money left 80X120%=96 Rs.
So, difference between final & initial = 96-100=-4 that means 4% loss.
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