Question

A house was sold for 12250 rupees and a profit of 3150 rupees was made. If the house was sold for how much, 2000 rupees would be lost​

Answer 1

Answer:

A house worth Rs 1,50,000 is sold by X at a 5% profit to Y, Y sells the house back to X at 2% loss. What is the profit and loss in the entire transaction?

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Answer:

Profit by X = Rs 4350 ; Loss by Y =Rs 3150

Solution:

House value (Rs) = 1,50,000

Sale price of house by X

= 150000+(5/100)(150000)

= 150000+7500 = 157500

Resale price of house by Y

= 157500-(2/100)(157500)

= 157500-3150 = 154350

Net Profit by X = 154350–150000 = 4350

Net Loss by Y = 157500–154350 = 3150

Step-by-step explanation:

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Answer 2

Answer:

S.P. = 12250

Profit = 3150

C.P. = S.P. - Profit

C.P. = 12250 - 3150 = 9100

Now, for a loss of 2000 rupees the S.P. will be

9100 - 2000 = 7100

So, if the house was sold for 7100, there would be a loss of 2000.

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