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Ramesh owns a plot worth ₹10000 he sells it to mukesh at gain of 10�ter sometimes it sells back to ramesh at loss of10% then what is ramesh total gain or loss
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Ramesh owns a plot worth ₹10000 he sells it to mukesh at gain of 10�te...
Given:
- Ramesh owns a plot worth ₹10,000.
- Ramesh sells the plot to Mukesh at a gain of 10%.
- Mukesh later sells the plot back to Ramesh at a loss of 10%.
To find:
- Ramesh's total gain or loss.
Solution:
Step 1: Selling the plot to Mukesh
- Ramesh sells the plot to Mukesh at a gain of 10%.
- Gain = 10% of ₹10,000 = ₹1,000.
- Selling price to Mukesh = Cost price + Gain = ₹10,000 + ₹1,000 = ₹11,000.
Step 2: Mukesh selling the plot back to Ramesh
- Mukesh sells the plot back to Ramesh at a loss of 10%.
- Loss = 10% of ₹11,000 = ₹1,100.
- Selling price to Ramesh = Cost price - Loss = ₹11,000 - ₹1,100 = ₹9,900.
Step 3: Calculating the total gain or loss
- Ramesh's initial investment in the plot was ₹10,000.
- Ramesh sells the plot back to himself for ₹9,900.
- Gain or loss = Selling price - Cost price = ₹9,900 - ₹10,000 = -₹100.
- The negative sign indicates a loss.
Conclusion:
- Ramesh has incurred a loss of ₹100 in the overall transaction.
- Ramesh owns a plot worth ₹10,000.
- Ramesh sells the plot to Mukesh at a gain of 10%.
- Mukesh later sells the plot back to Ramesh at a loss of 10%.
To find:
- Ramesh's total gain or loss.
Solution:
Step 1: Selling the plot to Mukesh
- Ramesh sells the plot to Mukesh at a gain of 10%.
- Gain = 10% of ₹10,000 = ₹1,000.
- Selling price to Mukesh = Cost price + Gain = ₹10,000 + ₹1,000 = ₹11,000.
Step 2: Mukesh selling the plot back to Ramesh
- Mukesh sells the plot back to Ramesh at a loss of 10%.
- Loss = 10% of ₹11,000 = ₹1,100.
- Selling price to Ramesh = Cost price - Loss = ₹11,000 - ₹1,100 = ₹9,900.
Step 3: Calculating the total gain or loss
- Ramesh's initial investment in the plot was ₹10,000.
- Ramesh sells the plot back to himself for ₹9,900.
- Gain or loss = Selling price - Cost price = ₹9,900 - ₹10,000 = -₹100.
- The negative sign indicates a loss.
Conclusion:
- Ramesh has incurred a loss of ₹100 in the overall transaction.
Community Answer
Ramesh owns a plot worth ₹10000 he sells it to mukesh at gain of 10�te...
no loss no gain
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Ramesh owns a plot worth ₹10000 he sells it to mukesh at gain of 10�ter sometimes it sells back to ramesh at loss of10% then what is ramesh total gain or loss
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Ramesh owns a plot worth ₹10000 he sells it to mukesh at gain of 10�ter sometimes it sells back to ramesh at loss of10% then what is ramesh total gain or loss for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about Ramesh owns a plot worth ₹10000 he sells it to mukesh at gain of 10�ter sometimes it sells back to ramesh at loss of10% then what is ramesh total gain or loss covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ramesh owns a plot worth ₹10000 he sells it to mukesh at gain of 10�ter sometimes it sells back to ramesh at loss of10% then what is ramesh total gain or loss.
Ramesh owns a plot worth ₹10000 he sells it to mukesh at gain of 10�ter sometimes it sells back to ramesh at loss of10% then what is ramesh total gain or loss for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about Ramesh owns a plot worth ₹10000 he sells it to mukesh at gain of 10�ter sometimes it sells back to ramesh at loss of10% then what is ramesh total gain or loss covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ramesh owns a plot worth ₹10000 he sells it to mukesh at gain of 10�ter sometimes it sells back to ramesh at loss of10% then what is ramesh total gain or loss.
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