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A house and a shop were sold for Rs. 1 l...

A house and a shop were sold for Rs. 1 lakh each, In this transaction, the house sale resulted into 20% loss whereas the shop sale into 20% profit. The entire transaction resulted in :

A

no loss no gain

B

gain of `1/24` lakh

C

loss of `1/12` lakh

D

loss of `1/18` lakh

Text Solution

Verified by Experts

The correct Answer is:
C
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