Question 66

Krishna purchased an item for Rs. 16,200 and sold it at the gain of 16%. From that amount he purchased another item and sold it at the loss of 20%. What is his overall gain/ loss ?

Solution

Case 1 : C.P. of 1st item = Rs. 16,200

S.P. of 1st item = $$\frac{116}{100} \times 16,200$$

= Rs. 18,792

Case 2 : C.P. of 2nd item = Rs. 18,792

S.P. of 2nd item = $$\frac{80}{100} \times 18,792$$

= Rs. 15,033.60

$$\therefore$$ Overall loss = C.P. - S.P.

= Rs. (16,200 - 15,033.60) = Rs. 1,166.40

Share on Whatsapp Share on Whatsapp

Create a FREE account and get: