Ramesh gets a profit of 20% in one trade and suffers a loss of 20% in the second when he sells 2 cycles for Rs. 4000 each. What is his profit or loss in the entire trade?

Ramesh gets a profit of 20% in one trade and suffers a loss of 20% in

1.	Ramesh gets a profit of 20% in one trade and suffers a loss of 20% in the second when he sells 2 cycles for Rs. 4000 each. What is his profit or loss in the entire trade?
A.	Loss = 4%
B.	Loss = 16%
C.	Profit = 16%
D.	Profit = 4%
Answer» E.

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Ramesh gets a profit of 20% in one trade and suffers a loss of 20% in the second when he sells 2 cycles for Rs. 4000 each. What is his profit or loss in the entire trade?

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