Mr. Kamal sold two properties, X and Y, for Tk. 30,000 each. He sold property X for 20% more than he paid for it and sold property Y for 20% less than he paid for it. If expenses are disregarded, what was his total net gain or loss, if any, on the two properties?

A Loss of Tk. 1,250

B Loss of Tk. 2,500

C Gain of Tk. 1,250

D Gain of Tk. 2,500

Solution

Correct Answer: Option B

Solution

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