A house worth Rs 150000 is sold by X at a...

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A house worth Rs. 150000 is sold by X at a 5% profit to Y, Y sells the house back to X at a 2% loss. Then find profit and loss in the entire transaction = ?

A. X gains Rs. 4150

B. X loses Rs. 4150

C. X gains Rs. 3150

D. X loses Rs. 3150

Answer: Option C

Solution (By Examveda Team)

Money spent by X = Rs. 150000
Money 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

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