IT Trainer Questions

PRINCE.

Let 'A' be the cost price of property P1.

Then from the given data, the selling price of P1 = Rs. 1,00,000

He got 20% loss on selling P1

$$\begin{gathered} ⇒A - 20A100 = 100000 \\ ⇒A = 1,25,000 \end{gathered}$$

Therefore, the amount he lossed on selling P1 = 25,000

As ge he got no loss or gain on sale of P1 and P2, the gain on selling P2 = 25,000

But the selling price of P2 = 1,00,000 => Cost price of P2 = 75,000

Hence, the profit percentage on P2 = GainCPx 100 = 2500075000x100 = 1003= 33.33%

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