ABC26GN2719 · Profit and Loss
Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2007 · Marks: · Difficulty:
A car worth ₹ 1,50,000 was sold by X to Y at 5\% profit. Y sold the car back to X at 2\% loss. In the entire transaction
(a)X gained ₹ 4350
(b)X lost ₹ 4350
(c)X gained ₹ 3150
(d)X lost ₹ 3150
Answer
Explanation
Money spent by $\mathrm{X}=₹ 150000$. Money received by $\mathrm{X}=105 \%$ of $₹ 150000=₹ 157500$. C.P. to $\mathrm{X}=98 \%$ of $₹ 157500=₹ 154350$. $$\text { ∴ } \mathrm{X} \text { gains } ₹(157500-154350)=₹ 3150 .$$
Explanation as extracted from the printed page; notation may be imperfect.
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