Haider made a profit of 25% in the first year. The next year, he had a loss of 20% on the capital he had at the beginning of the second year. What was his overall profit or loss percentage over the two years?
Q1. Haider made a profit of 25% in the first year. The next year, he had a loss of 20% on the capital he had at the beginning of the second year. What was his overall profit or loss percentage over the two years?
Answer: No profit & no loss
Explanation: Starting with Rs. 100: after 25% gain = Rs. 125; after 20% loss = 125 × 0.8 = Rs. 100; net result is no profit and no loss.