Class 8 Exam > Class 8 Questions > Ramesh owns a plot worth ₹10000 he sells it t...
Start Learning for Free
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
Most Upvoted Answer
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
Attention Class 8 Students!
To make sure you are not studying endlessly, EduRev has designed Class 8 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 8.
|
Explore Courses for Class 8 exam
|
|
Similar Class 8 Doubts
Top Courses for Class 8View all
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
Question Description
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.
Solutions 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 in English & in Hindi are available as part of our courses for Class 8.
Download more important topics, notes, lectures and mock test series for Class 8 Exam by signing up for free.
Here you can find the meaning of 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 defined & explained in the simplest way possible. Besides giving the explanation of
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, a detailed solution 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 has been provided alongside types of 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 theory, EduRev gives you an
ample number of questions to practice 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 tests, examples and also practice Class 8 tests.
|
|
Explore Courses for Class 8 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup