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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 :
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- no loss no gain
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gain of $ 1 lakh 24 -
loss of $ 1 lakh 12 -
loss of $ 1 lakh 18
Correct Option: C
Given that , Total S.P. = $ 2 lakhs
| C.P of house = $ |  | 100 | × 1 |  | lakh | |
| 80 |
| C.P of house = $ | lakhs | 4 |
| C.P. of shop = $ | | 100 | × 1 | | lakh | |
| 120 |
| C.P. of shop = $ | lakhs | 6 |
| Total C.P. = $ | | 5 | + | 5 | | lakhs | |
| 4 | 6 |
| Total C.P. = $ | lakhs | 12 |
| ∴ Loss = $ | | 25 | - 2 | | lakh | |
| 12 |
| Loss = $ | lakh | 12 |
