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

Answer: Option A

Solution(By Examveda Team)

$$\eqalign{ & {\text{Loss }}\% = {\left( {\frac{5}{{10}}} \right)^2}\% \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\left( {0.5} \right)^2}\% \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 0.25\% \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{0}}{\text{.25}}\% {\text{ loss}} \cr} $$