Question:

A property dealer sells a house for ` 6,30,000 and in the bargain makes a profit of 5%. Had he sold it for ` 5,00,000, then what percentage of loss or gain he would have made?

Updated On: Oct 4, 2024
  • \(2\frac{1}{4}\%\) gain
  • 10% loss
  • \(12\frac{1}{2}\%\) loss
  • \(16\frac{2}{3}\%\) loss
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The Correct Option is D

Solution and Explanation

The correct option is (D): \(16\frac{2}{3}\%\) loss
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