A horse and cow were sold for Rs.12000 each. The horse was sold at a loss of
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Question:
A horse and cow were sold for Rs.12000 each. The horse was sold at a loss of 20% and the cow at a gain of 20%. The entire transaction resulted in :
a. No loss or gainb. Loss of Rs.1000
c. Gain of Rs.1000d. Gain of Rs.2000
Expert Answer:
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Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
