Question

Anil owns a plot worth $Rs10,000$. He sells it to Mukesh at a profit of $10$%. After sometime, Mukesh sells it back to Anil at a loss of $10$%. Then Anil

• A. Loses $Rs100$
• B. Loses $Rs900$
• C. Gains $Rs100$
• D. Gains $Rs1100$

Answer 1

The correct option is D Gains $Rs1100$

Initial Price of a plot = 10,000 Rs

$ProfitPercentage=10\%$

$SellingPrice=CostPrice+\frac{ProfitPercentage\times CostPrice}{100}=10,000+\frac{10\times 10,000}{100}=11,000Rs$

$CostPriceforMukesh=SellingPriceforAnil=11,000Rs$

$LossPercentage=10\%$

$SellingPrice=CostPrice-\frac{LossPercentage\times CostPrice}{100}=11,000-\frac{10\times 11,000}{100}=9,900Rs$

$CostPriceforAnil=SellingPriceforMukesh=9,900Rs$

$\therefore GainforAnil=11,000-9900=1100Rs$