A house and store were sold for Rs. 12,000 each. The house was sold at a loss of 20% of the cost and the store at a gain of 20% of the cost. The entire transaction resulted in
A
No loss or gain
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Loss of Rs. 1000
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Gain of Rs. 1000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Gain of Rs. 2000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
None of these
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is B Loss of Rs. 1000 12,000=H−15H∴H=15,000
12,000=S+15S∴S=10,000
H+S=25,000.
Therefore, the sale resulted in a loss of Rs.1000.