Question

q3. a man sells two flats at the rate of rs.1.995 lakhs each. on one he gains 5% and on the other, he loses 5%. his gain or loss percent in the whole transaction is

Answer 1

Answer:.25% loss

Step-by-step explanation:

1.995 lakhs = 199500 rupies

1st building with profit

Let guess

X is the buying price

Then X+ (X ×5/100) =190000(buying price)

Profit is 9500

2nd building with loss

Let guess

X is the buying price

Then

X - (X ×5/100) = 210000

Loss is=10500

Final loss= 1000

Lets calculate loss percent in the whole transaction is

(1000×100)/(199500×2) =.25%