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X sold a property for Rs. 96,000 to Y at a 20% profit. Y then sold the property to Z at a 20% loss. For how much did Z buy the property?
  1. Rs. 76,800
  2. Rs. 96,000
  3. Rs. 90,000
  4. Rs. 1,00,000
Explanation

Given:

  • X sold the property to Y for Rs. 96,000.

  • Y sold it to Z at a 20% loss.

Formula:

Selling Price = Cost Price ×100-Loss /100

=96,000x80/100
=96,000x0.8= Rs. 76,800

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