Profit and Loss Practice Test 4

Question : 27 of 40

Marks: +1, -0

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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