A car worth Rs. 150000 was sold by x to y at 5% profit. y sold the car back to x at 2% loss. In the entire transaction = ?
A. x gained Rs. 4350
B. x lost Rs. 4350
C. x gained Rs. 3150
D. x lost Rs. 3150
Answer: Option C
Solution (By Examveda Team)
Money spent by x = Rs. 150000Money received by x = 105% of Rs. 150000 = Rs. 157500
C.P. to x = 98% of Rs. 157500 = Rs. 154350
∴ x gains Rs. (157500 - 154350) = Rs. 3150
This Question Belongs to Arithmetic Ability >> Profit And Loss
Abdullah Al Ganesh Babu: correct ans is: X gained Rs. 3150 as it doesn't follow successive rules(Becouse 2% loss is for only y).
X received 157500 but when X buys the same car then x spent 154350 rs. Then initial profit of x is 7500 but he spent 4350 more so actual profit is 7500- 4350= 3150
There are called entire transaction. So result must be a.
X gain (154350-150000= 4350 gain)