3, Ramesh owns a plot worth 10,000. He sells itto Mukesh at a profit o

1.	3, Ramesh owns a plot worth 10,000. He sells itto Mukesh at a profit of 10%. After sometime,Mukesh sells it back to Ramesh at a loss of 10%,then what is Ramesh's total gain or loss?(a) loses 100(c) gains ? 100(b) loses 900(d) gains 1100
Answer» Cost of plot = 10,000 Mukest get plot at price= 10000(1 + 10/100)= 10000(11/10)= 11000 Mukesh sold plot to Ramesh at price= 11000(1 - 10/100)= 11000(9/10)= 9900 Loss for Ramesh= 10000-9900= Rs 100

3, Ramesh owns a plot worth 10,000. He sells itto Mukesh at a profit of 10%. After sometime,Mukesh sells it back to Ramesh at a loss of 10%,then what is Ramesh's total gain or loss?(a) loses 100(c) gains ? 100(b) loses 900(d) gains 1100

Answer»

Cost of plot = 10,000

Mukest get plot at price= 10000(1 + 10/100)= 10000(11/10)= 11000

Mukesh sold plot to Ramesh at price= 11000(1 - 10/100)= 11000(9/10)= 9900

Loss for Ramesh= 10000-9900= Rs 100