Question

Kumar purchased an item for Rs.46,000 and sold it at a loss of 12 per cent. With that amount, she purchased another item and sold it at a gain of 12 per cent. What was her overall gain/loss?

• A. Loss of Rs.662.40
• B. Profit of Rs.662.40
• C. Loss of Rs.642.80
• D. Profit of Rs.642.80

Answer 1

The correct option is A

Loss of Rs.662.40

From the question

CP = 46000

Loss = 12%

$\therefore$ SP = 46000 - 12% of 46000 = 40480

Now new CP = 40480

Given that Profit = 12%

$\therefore$ SP = 40480 + 12% of 40480 = 45337.6

$\therefore$ 46000 - 45337.6 = 662.4 loss

Hence option (a) is the answer.