A property dealer sells a house for Rs.6,30,000 and in the bargain makes a prof

Question

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

Answer: Option D
- C.P. = Rs(100/105 x 630000) = Rs. 6,00,000
Required loss% = (100000/600000 x 100)% = 16 (2/3)%

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