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.
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