| | Question 25

A house and a shop were sold for Rs. 1 lakh each. In this transaction, the house sale resulted into 20% loss whereas the shop sale into 20% profit. The entire transaction resulted in:
(A) 1/12 lakh profit
(B) 1/12 lakh loss
(C) 1/8 lakh profit
(D) 1/8 lakh loss


Answer: (B)

Explanation: Acc. to question

         House           Shop
CP        10             10       
          |-20%            |+20%
SP        8              12

Make SP equal

CP        10x12              10x8        -> 200
          |-20%              |+20%           |-8  
SP        8x12               12x8        -> 192

Given that
192 -> 2 lakh
1 -> 1/96
8 unit -> 8/96 -> 1/12 lakh
Hence, in entire transaction loss is 1/12 lakh.

Quiz of this Question
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