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A car and a jeep were sold for $ 121000 each. The car was sold at a loss of 20% while the jeep at a gain of 20%. The entire transaction resulted in
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- neither loss nor gain
- gain of $ 1000
- loss of $ 10000
- gain of $ 500
Correct Option: C
Given in question , Total SP of car and jeep = 240000
| CP of car = $ |  | 100 | × 120000 |  | = $ 150000 | |
| 80 |
| CP of jeep = $ | | 100 | × 120000 | | = $ 100000 | |
| 120 |
Total CP = 150000 + 100000 = $ 250000
∴ Loss = Total CP - Total SP
∴ Loss = (250000 – 240000) = $ 10000
