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Profit and Loss Practice Test 4
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© examsnet.com
Question : 27
Total: 40
A owns a house worth Rs. 10000. He sells it to B at a profit of 10% based on the worth of the house.B sells the house back to A at a loss of 10%. In this transaction A gets:
no profit no loss
profit of Rs. 1000
profit of Rs. 1100
profit of Rs. 1200
Validate
Solution:
Final C.P. for A
=
110
100
×
90
100
×
10000
=
9900
Hence, profit for A
=
10
100
×
10000
+
(
10000
−
9900
)
=
1100
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