A house and shop were sold for Rs 1 lakh each In this transaction the house sell resulted into 20 lo...........

Quantitative Aptitude ( CCS) Profit and loss

A house and shop were sold for Rs. 1 lakh each. In this transaction the house sell resulted into 20% loss whereas the shop sell resulted into 20% of profit. The entire transaction resulted in:

no loss no gain

loss of Rs 1/12 lakh

loss of Rs 4lakh

gain of Rs 6lakh

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Explanation:

Total S.P = Rs. 2 lakh.
C.P of house = Rs. (100/80 x 1)lakh = Rs 5/4 lakh
C.P of shop = Rs. (100/120 x 1)lakh = Rs. 5/6 lakh
Total C.P = Rs. (5/4 + 5/6)lakh = Rs. 25/12 lakh
∴ loss = Rs.(25/12 – 2)lakh = Rs. 1/12 lakh.