Question

3. I bought a house for 40,000 and sold it for * 50,000. I bought it back again for
60,000 and sold it for 70,000. Did I make a profit or loss? How much?

Answer 1

Answer: Profit of 10,000

Step-by-step explanation:

1st sale: Profit of 10,000

When you buy agajn, you have a loss of 10,000 which is recovered by your first profit.

2nd sale: You again make a profit of 10,000

So your net balance is in profit of 10,000

Answer 2

Answer:

If I bought house in ₹40,000

And we sold in _ ₹50,000

=10,000

He make profit

Let,

I bought again in ₹ 60,000

I sold in - ₹ 70,000

= 10,000

I had a profit of ₹ 20,000