A sells his house worth Rs., 10, lakh to B at a loss of 10 % . Later B sells it back to A at 10 % pr

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7.Profit and Loss

medium

A sells his house worth $Rs.\, 10\, lakh$ to $B$ at a loss of $10 \% .$ Later $B$ sells it back to $A$ at $10 \%$ profit. The result of the two transactions is

A

A neither loses nor gains

B

A loses $Rs.\, 90,000$

C

A loses $Rs.\, 2,00,000$

D

None of these

Solution

Here, Net $\operatorname{Loss} \%=\left(\frac{ a }{10}\right)^{2} \%=1 \%$ Loss

$\Rightarrow$ So, Loss of $1 \%$ on $Rs. 10\, lakh$ $=$ $Rs. 10,000$

Standard 13

Quantitative Aptitude

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