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1952 AMC 12 Question 14

AMC12 · 1952 AMC 12

Question 14

A house and store were sold for $\$12000$ each. The house was sold at a loss of $20\%$ of the cost, and the store at a gain of $20\%$ of the cost. The entire transaction resulted in:
  1. No loss or gain
  2. Loss of $\$1000$
  3. Gain of $\$1000$
  4. Gain of $\$2000$
  5. None of these