Last year Mr. Mamun bought two paintings. This year he sold them for Tk. 2000 each. On one, he made a 25% profit and on the other he had a 25% loss. What is true about his net loss or profit?

Last year Mr. Mamun bought two paintings. This year he sold them for Tk. 2000 each. On one, he made a 25% profit and on the other he had a 25% loss. What is true about his net loss or profit?

A His loss was more than Tk. 100

B His loss was less than Tk. 100

C His profit was more than Tk. 100

D His profit was less than Tk. 100

Solution

Correct Answer: Option A