Question

Deepak bought two houses for two lakhs each. He sold one at 25% loss and another at 25% profit. Calculate his profit-loss.

Answer 1

For first house

Cost of house = 2,00,000

loss% = 25%

loss = 25% of 2,00,000

= 50,000

SP of house = CP-l = 2,00,000-50,000= 1,50,000

For Second house

Cost of the house = 2,00,000

Gain% = 25%

Profit = 25% of 2,00,000

= 50,000

SP of house = CP + P = 2,00,000+50,000=2,50,000