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A shop and a car were sold for Rs. 2,70,000 each. Due to increased scope of business, shop was sold at a profit of 20% but due to depreciation, car could be sold at a loss of 10%. How much profit or loss resulted in the entire transaction?

Solution

Correct Option: 3

Shop CP =270000×100/120=225000= 270000 \times 100/120 = 225000. Car CP =270000×100/90=300000= 270000 \times 100/90 = 300000. Total CP =525000= 525000; Total SP =540000= 540000. Profit =540000525000=15000= 540000 - 525000 = 15000.

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