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1)

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 :


A) no loss, no gain

B) loss of Rs. 112 lakh

C) loss of Rs. 118 lakh

D) gain of Rs. 124 lakh

E) None of these

Answer:

Option B

Explanation:

Total S.P = Rs. 2 lakh.

C.P of house = Rs. (10080×1) lakh = Rs. 54 lakh.

C.P of shop = Rs. (100120×1) lakh = Rs. 56 lakh.

Total C.P = Rs. (54+56) lakh

= Rs. 2512 lakh.

Loss = Rs. (25122) lakh

= Rs. 112 lakh.