Question

Mr. A owns a house worth Rs.$10,000$. He sells it to Mr.B at $10\%$ profit. Mr.B sells the house back to Mr.A at a $10\%$ loss. Then:

• A. A comes out even
• B. A makes Rs.$100$
• C. A makes Rs.$1000$
• D. B loses Rs.$100$
• E. none of these is correct

Answer 1

Answer: (E)

none of these is correct

C.P. of the house to Mr. A = Rs 10000

S.P. of the house to Mr. B from Mr. A = $\left(\frac{110}{100}\right)\left(10000\right)=$ Rs 11000

Mr. B sells the house back to Mr. A at 10% loss.

$\therefore$ Mr. A bought house at price = $11000(1-\frac{10}{100})=$ Rs 9900

Mr. B lost Rs 1100 and Mr. A makes a profit of Rs 1100.