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Railways Sample Paper RRBs Assistant Loco Pilot and Technician CBT STAGE-I Sample Paper-27

  • question_answer
    A house and a shop were sold for Rs. 1 lakh each. In this transaction, the house sale resulted into 20% loss whereas the shop sale resulted into 20% profit. The entire transaction resulted in

    A)  no loss, no gain

    B)         loss of Rs. \[\frac{1}{12}\] lakh

    C)  loss of Rs.\[\frac{1}{18}\]lakh    

    D)  gain of Rs.\[\frac{1}{24}\]lakh

    Correct Answer: B

    Solution :

    Total SP = Rs. 2 lakh CP of house = Rs.\[\left( \frac{100}{80}\times 1 \right)\]lakh = Rs.\[\frac{5}{4}\]lakh CP of shop = Rs.\[\left( \frac{100}{120}\times  \right)\]lakh = Rs. \[\frac{5}{6}\] lakh Total CP = Rs. \[\left( \frac{5}{4}+\frac{5}{6} \right)\]lakh = Rs.\[\frac{25}{12}\]lakh \[\therefore \]      Loss = Rs. \[\left( \frac{25}{12}-2 \right)\]lakh = Rs.\[\frac{1}{12}\] lakh


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