A man sells two flats at the rate of ₹ 1.995 lakhs each. On one he gains 5% and on the other, he loses 5%… · ABC26GN2747

Subject: General Aptitude · Chapter: Profit and Loss

A man sells two flats at the rate of ₹ 1.995 lakhs each. On one he gains 5\% and on the other, he loses 5\%. His gain or loss percent in the whole transaction is

(a)0.25\% loss

(b)0.25\% gain

(c)2.5\% loss

(d)25\% loss

Answer

Answer (as printed): A

Explanation

$\operatorname{Loss} \%=\left(\frac{5}{10}\right)^{2} \%=(0.5)^{2} \%=0.25 \%$.

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

· Browse this chapter in the app