Tricky Riddles

Tricky riddles with answers are both tricky and crafty. They are not straight forward, requires logic reasoning and you could be fooled if you are not sharp enough.

The Two Aeroplanes

A man recently bought two aeroplanes, but afterwards found that they would not answer the purpose for which he wanted them. So he sold them for $600 each, making a loss of 20 percent on one machine and a profit of 20 percent on the other. Did he make a profit on the whole transaction, or a loss? And how much?

Riddle Answer