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Discussion :: Profit and Loss

  1. A owns a house worth Rs. 10000. He sells it to B at a profit of 10% based on the worth of the house. B sells the house back to A at a loss of 10% in this transaction A gets
    2. A.
    No profit No loss
    B.
    Profit of Rs. 1000
    C.
    Profit of Rs. 1100
    D.
    Profit of Rs. 2000

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    Answer : Option C

    Explanation :

    B = 110% of Rs. 10000 = Rs. 11000 


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