Profit & Loss Mcqs


Q.  A man sold two houses for Rs. 7.8 lakhs each. On the one, he gained 5% and on the other, he lost 5%. What percent is the effect of the sale on the whole?

a. 0.25 % loss
b. 0.25 % gain
c. 25% loss
d. 25% gain


ANSWER: See Answer
 
Loss% = (5/10)2 = ΒΌ% = 0.25%
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