Question

Mohan bought a flat worth Rs $10,00,000.$ He sells it to Rajesh at a profit of $10$%. If after sometime Rajesh sells it back to Mohan at a $10$% loss, then the amount gain by Mohan is

• A. Rs $1,00,000$
• B. Rs $10,00,000$
• C. Rs $11,00,000$
• D. Rs. $1,10,000$

Answer 1

The correct option is D Rs. $1,10,000$

Worth of flat = Rs. $10,00,000$

Amount at which Rajesh bought = $10,00,000+\frac{10}{100}\times 10,00,000$

$=10,00,000+1,00,000$

$=11,00,000$ $Rs.$

Amount at which Rajesh sells flat to Mohan :

$11,00,000-\frac{10}{100}\times 11,00,000=9,90,000$

Therefore,

Amount gained by Mohan = $10,00,000-9,90,000+1,00,000=1,10,000$ $Rs.$