Ramesh owns a plot worth Rs.10000.he sells it to mukesh at a profit of 10percentage .after sometime mukesh sells it back to ramesh at a loss of 10 percentage then what is ramesh's total gain or loss?
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Plot was sold by Ramesh at 10% profit to Mukesh; Ramesh: profit.
Plot was bought by Ramesh at -10% loss of Mukesh; Mukesh: loss. Ramesh: profit.
Ramesh had a profit of 10% after buying the plot from Mukesh as Ramesh sold it for 10% profit and bought for Mukesh's 10% loss. Which means, he basically paid the initial CP of the land as he bought it at the seller's 10% loss while he sold it to the seller at 10% profit.
Plot was bought by Ramesh at -10% loss of Mukesh; Mukesh: loss. Ramesh: profit.
Ramesh had a profit of 10% after buying the plot from Mukesh as Ramesh sold it for 10% profit and bought for Mukesh's 10% loss. Which means, he basically paid the initial CP of the land as he bought it at the seller's 10% loss while he sold it to the seller at 10% profit.
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