A house and a shop were sold for Rs. 1 lakh each. In this transaction…

Question

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 resulted into 20% profit. The entire transaction resulted in -

Accepted Answer

Option B. Loss of Rs. 1/12 lakh. Answer & Solution Answer: Option B Solution: & Total S .P . = Rs . 2 lakh & C .P . of house & = Rs . ( 10080 × 1 ) lakh & = Rs.5/4 lakh & C .P .of shop & = Rs . ( 100120 × 1 ) lakh & = Rs .5/6 lakh & Total C .P. & = Rs . ( 5/4 + 5/6 ) lakh & = Rs. 2512 lakh & Loss & = Rs. ( 2512…