A property dealer sells a house for ₹ 6,30,000 and in the bargain makes a profit of 5%. Had he sold it for ₹… · ABC26GN2628

Subject: General Aptitude · Chapter: Profit and Loss

A property dealer sells a house for ₹ 6,30,000 and in the bargain makes a profit of 5\%. Had he sold it for ₹ 5,00,000, then what percentage of loss or gain he would have made?

(a)$2 \frac{1}{4} \%$ gain

(b)10\% loss

(c)$12 \frac{1}{2} \%$ loss

(d)$16 \frac{2}{3} \%$ loss

Answer

Answer (as printed): D

Explanation

C.P. $=₹\left(\frac{100}{105} \times 630000\right)=₹ 600000$. $$\text { ∴ } \text { Required loss } \%=\left(\frac{100000}{600000} \times 100\right) \%=16 \frac{2}{3} \% .$$

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Profit and Loss

1. Practise the PYQsPrevious-year questions, with answers

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