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?
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Correct answer: D
Explanation
The correct answer is Option 4 i.e. Lakshman gains ₹45,220.
Lakshman sells at 8% profit:
Selling Price = ₹9,50,000 × = ₹10,26,000
Bharath sells at 3% loss:
Selling Price = ₹10,26,000 × = ₹9,95,220
Lakshman's net loss = 9,95,220 – 9,50,000 = ₹45,220