1) A man sells two flats at the rate of Rs. 1.995 lakhs each. On one he gains 5% and on the other, he loses 5%. His gain or loss percent in the whole transaction is : A) 0.25% loss B) 0.25% gain C) 2.5% loss D) 25% loss E) 5% loss Answer: Option AExplanation:Loss % $=\left(\frac{5}{10}\right)^{2}$% $=(0.5)^{2}$% $=0.25$%.
