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SSC Sample Paper Mock Test-8 SSC CGL Tear-II Paper-1

  • question_answer
    A house and a shop were sold for Rs. 1 lakh each. In this transaction, the house sale resulted into 20% loss whereas the shop sale into 20% profit. The entire transaction resulted in

    A) no loss no gain

    B)  gain of Rs.\[\frac{1}{24}\] lakh

    C)  loss of Rs. \[\frac{1}{12}\]lakh

    D)  loss of Rs. \[\frac{1}{18}\]lakh

    Correct Answer: C

    Solution :

    Total SP = Rs. 2 lakh, CP of house = Rs. \[\left( \frac{100}{80}\times 1 \right)\]= Rs.\[\frac{5}{4}\]lakh
    CP of shop = Rs.\[\left( \frac{100}{120}\times 1 \right)\]lakh = Rs.5 lakh        
    Total CP = Rs. \[\left( \frac{5}{4}+\frac{5}{6} \right)\]lakh
    = Rs. \[\frac{25}{12}\]lakh
    Loss = Rs. \[\left( \frac{25}{12}-2 \right)\]lakh = Rs. \[\frac{1}{12}\]lakh


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