Question

A house and a shop were sold for rs.1 lakh each. In this trasaction, the house sale resulted into 20% loss whereas the shop sale resulted into 20% profit. The entire transaction resulted in select one:

a. Loss of rs.1/18 lakh

b. Gain of rs.1/24 lakh

c. No loss, nogain

d. Loss of rs. 1/12 lakh

Answer 1

Given:

House sold = 1 lakh

Loss = 20 %

Shop sold = 1 lakh

Gain = 20 %

To find:

The amount of profit or loss obtained.

Solution:

If the house was sold at 100000,

Then the loss = 20000

Original cost ( house ) = 120000

If the shop was sold at 100000,

The the profit = 20000

Original cost ( shop ) = 80000

Hence,

There is a loss of 8 units

1 Unit = 2 / 192 lakh

Hence,

For 8 units,

2 / 192 * 8

1 / 12 Lakh

Hence, The entire transaction resulted in the loss of 1 / 12 lakh.

Answer 2

Answer:

Step-by-step explanation:

Total S.P. = Rs. 2 lakh

C.P. of house = Rs. (100/80×1)lakh= Rs. 5/4 lakh.

C.P. of shop = RS. (100/120×1)lakh= Rs.5/6 lakh

Total C.P. = Rs (5/4+5/6)lakh= Rs. 25/12lakh

∴ Loss = Rs. (25/12 −2)lakh= Rs. 1/12 lakh.