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A car and a jeep were sold for Rs 120000...

A car and a jeep were sold for Rs 120000 each. The car was sold at a loss of 20% while the jeep at a gain of 20%, the entire transaction resulted in:

A

Profit of Rs. 1000

B

Loss of Rs. 1000

C

Loss of Rs. 500

D

No profit no loss

Text Solution

Verified by Experts

The correct Answer is:
B
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