Question

A man sells 2 houses at the rate of rs.7.98lakhs each. On one he gains 5% and on one he loses 5%. His gain or loss percent in the whole transaction is

Answer 1

CP one house = Rs. 7.98 lakhs

SP of one house = 7.98 x 105/100 = Rs.8.379 lakhs

SP of other house = 7.98 x 95/100 = 7.581 lakhs

Total SP = 8.379 + 7.581 = Rs.15.96 lakhs

Total CP = 7.98 * 2 = 15.96 lakhs

SP = CP

There is no loss nor profit