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?

• A. $2\frac{1}{4}\%$ gain
• B. 10% loss
• C. $12\frac{1}{2}\%$ loss
• D. $16\frac{2}{3}\%$ loss

Answer 1

Answer: (D)

$16\frac{2}{3}\%$ loss

Answer 2

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