A man purchased a car for ₹12 lakhs and was insured for 80% of the cost. He sold the car at a 15% loss, but had not yet delivered it to the buyer when he met with an accident. After the accident, the car was damaged a lot and the insurance company paid 90% of the insured amount. The net difference in the two transactions is:

Cost price of the car = ₹12 lakhs

Loss% = 15%

$$=$$>  Selling price of the car = $$\frac{85}{100}\times12$$ = $$\frac{51}{5}$$ = ₹10.2 lakhs

Insured amount of the car = $$\frac{80}{100}\times12$$ = $$\frac{48}{5}$$ = ₹9.6 lakhs

Amount paid by the insurance company after accident = $$\frac{90}{100}\times9.6$$ = $$\frac{86.4}{10}$$ = ₹8.64 lakhs

$$\therefore\ $$Net difference in two transactions = 10.2 - 8.64 = ₹1.56 lakhs

Hence, the correct answer is Option A