Profit and Loss Practice Test 7

Question : 27 of 40

Marks: +1, -0

A car worth Rs. 1,50,000 was sold by X to Y at 5% profit. Y sold back to X at 2% loss. In the entire transaction:

Solution:

In first case, S.P. for X =

105/100 ×1,50,000

= Rs. 1,57,500
In IInd case, C.P. for X =

98/100 ×1,57, 500

= Rs. 1,54,350
Hence, X gained = 1,57,500 – 1,54,350 = Rs. 3150

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