Question
A flat worth ₹9,50,000 is sold by Lakshman to Bharath
at 8% profit. If Bharath sells it back to Lakshman at 3% loss, then find the gain/loss (in ₹) of Lakshman in the entire transaction?Solution
ATQ, Lakshman sells at 8% profit: = 9,50,000 × 1.08 = ₹10,26,000 Bharath sells back at 3% loss: = 10,26,000 × 0.97 = ₹9,95,220 Lakshman’s net gain: = 10,26,000 - 9,95,220 = ₹30,780
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