Question

Pooja purchased an article for Rs.46,000 and sold it at a loss of 12%. With the received amount, she purchased another article and sold it at a gain of 12%.
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
• E. None of these

Answer 1

The correct option is A

Loss of Rs.662.40

Initial CP = Rs.46000

Loss = 12%

$\therefore$ SP = Rs.46000 – 12% of Rs.46000 = Rs.40480

Now, new CP = Rs.40480

New Profit = 12%

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

$\therefore$ Rs.(46000 – 45337.6) = Rs.662.40 Loss