1.

A house and a shop were sold for $ 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. <table><tr><td rowspan="2">gain of $</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">lakh</td></tr><td align="center">24</td></table>
C. <table><tr><td rowspan="2">loss of $</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">lakh</td></tr><td align="center">12</td></table>
D. <table><tr><td rowspan="2">loss of $</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">lakh</td></tr><td align="center">18</td></table>
Answer» D. <table><tr><td rowspan="2">loss of $</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">lakh</td></tr><td align="center">18</td></table>


Discussion

No Comment Found

Related MCQs