Ms. Adams sold two properties, \(X\) and \(Y,\) for \(\$30,000\) each. She sold property \(X\) for \(20\%\) more than

Ms. Adams sold two properties, \(X\) and \(Y,\) for \(\$30,000\) each. She sold property \(X\) for \(20\%\) more than she paid for it and sold property \(Y\) for \(20\%\) less than she paid for it. If expenses are disregarded, what was her total net gain or loss, if any, on the two properties?

(A) Loss of \(\$1,250\)
(B) Loss of \(\$2,500\)
(C) Gain of \(\$1,250\)
(D) Gain of \(\$2,500\)
(E) Neither a net gain nor a net loss

Answer: B

Source: GMAT Paper Tests