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A car worth $ 1,50,000 was sold by X to Y at 5% profit. Y sold the car back to X at 2% loss. In the entire transaction
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- X gained $ 4,350
- Y lost $ 4,350
- X gained $ 3,150
- X lost $ 3,150
Correct Option: C
Given in question, SP for car = $ 1,50,000
| SP for Mr. X = 150000 × | = $ 157500 | 100 |
CP for Mr. Y = 157500
Y sells the article to X at a loss of 2%.
| ∴ SP for Mr. Y = 157500 × | = $ 154350 | 100 |
CP for Mr. X = $ 154350
∴ Gain of Mr. X = SP for Mr. X - CP for Mr. X
∴ Gain of Mr. X = $ (157500 – 154350) = $ 3150
