A sells his house worth Rs. 10, lakh to B at | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(B) Step $1$: $A$ sells the house to $B$ at a $10\%$ loss.Cost Price $(CP)$ for $A = Rs. 10,00,000$.Selling Price $(SP)$ for $A = 10,00,000 - (10\%

Vedclass · Accepted Answer

$A$ loses $Rs. 90,000$

Vedclass · Answer

(B) Step $1$: $A$ sells the house to $B$ at a $10\%$ loss.Cost Price $(CP)$ for $A = Rs. 10,00,000$.Selling Price $(SP)$ for $A = 10,00,000 - (10\% 	ext{ of } 10,00,000) = 10,00,000 - 1,00,000 = Rs. 9,00,000$.So,$B$ buys the house for $Rs. 9,00,000$.Step $2$: $B$ sells the house back to $A$ at a $10\%$ profit.$CP$ for $B = Rs. 9,00,000$.$SP$ for $B = 9,00,000 + (10\% 	ext{ of } 9,00,000) = 9,00,000 + 90,000 = Rs. 9,90,000$.So,$A$ buys the house back for $Rs. 9,90,000$.Step $3$: Calculate the net result for $A$.Initially,$A$ had the house and $Rs. 0$ cash. After selling,$A$ had $Rs. 9,00,000$ cash.After buying it back,$A$ has the house and $(9,00,000 - 9,90,000) = -Rs. 90,000$ cash.This means $A$ spent $Rs. 90,000$ more than what he received,effectively losing $Rs. 90,000$.

$A$ sells his house worth $Rs. 10\, lakh$ to $B$ at a loss of $10\%$. Later,$B$ sells it back to $A$ at $10\%$ profit. The result of the two transactions is:

Similar Questions

Mohan buys a watch for $Rs. 350$ and sells it for $Rs. 392$. Find out his percentage of profit.

$A$ manufacturer sells an article to a wholesale dealer at a profit of $20 \%$. The wholesale dealer sells it to a retail merchant at a loss of $5 \%$. Find out the resultant profit or loss.

$A$ cash payment that will settle a bill for $250$ chairs at $Rs. 50$ per chair less $20 \%$,$15 \%$,and a further discount of $5 \%$ on cash payment is (in $Rs.$):

The selling price of a chair is $Rs. 1386$. If the loss percentage is $23\%$,what is the cost price (in $Rs.$) of the chair?

$A$ dishonest dealer uses a scale of $90 \, cm$ instead of a metre scale and claims to sell at cost price. His profit percentage is:

Vedclass Test Series

Exam Paper Generator

Online Exam Module