Question

18. By selling two houses for 246400 each a man
gained 12% on one house and lost 12% on the
other. Find his total gain or loss.​

Answer 1

Answer:

Selling Price of each house =Rs.246400

Gain =12% on one house

Loss =12% on other house

CP of the house with gain =SP−Profit=246400-12/100 × CP

CP of the house with gain = 24600 × 100/112 = 220000

CP of the house with loss =SP+Loss=246400+12/100 × CP

CP of the house with loss = 24600 × 100/88 = 280000

Total CP =220000+280000=Rs.500000

Total SP =2×246400=492800

Thus, loss=CP−SP=500000−492800=Rs.7200