Q214
A house worth Rs. 150000 is sold by X at a 5% profit to Y, Y sells the house back to X at a 2% loss. Then find profit and loss in the entire transaction = ?
A.
X gains Rs. 4150
B.
X loses Rs. 4150
C.
X gains Rs. 3150
AnswerD.
X loses Rs. 3150
Answer: Option C
Solution
Answer: Option C
Solution:
Money spent by X = Rs. 150000Money received by X = 105% of Rs. 150000 = Rs. 157500
C.P. to X = 98% of Rs. 157500 = Rs. 154350
∴ X gains Rs. (157500 - 154350) = Rs. 3150