Question

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

• A. 2(1/4)% Gain
• B. 10% loss
• C. 12(1/2)% loss
• D. 16(2/3)% loss
• E. None of these

Answer 1

The correct option is D

16(2/3)% loss

C.P = Rs. $\left(\frac{100}{105}\times 630000\right)$= Rs. 600000.

$\therefore$Required loss % = $\left(\frac{100000}{600000}\times 100\right)\%=16\frac{2}{3}\%.$