Question

A flat worth Rs. 1,50,000 is sold by A to B at 5% profit. B sells the house back to A at a 2% loss. Then in the entire transaction:
1. A losses Rs. 1350
2. A gains Rs. 1350
3. A losses Rs. 3150
4. A gains Rs. 3150
5. None of the above

Answer 1

Correct Answer - Option 4 : A gains Rs. 3150

Given:

Money spent by A = Rs. 1,50,000

A’s profit = 5%

B’s loss = 2%

Calculations:

Money spent by A = Rs. 1,50,000

Money received by A = 105% of 150000

⇒ 105/100 × 150000

⇒ 157500

C.P to A = 98% of 157500

⇒ 98/100 × 157500

⇒ 154350

∴ A gains Rs. (157500 – 154350) = Rs. 3150

A gains Rs. 3150.