A person buys a radio for ₹1,200 and sells it at a 10% loss. The person then buys thesame model from the supplier and sells it again at a 15% profit. What is the overall profitor loss percentage?
Given:
Cost price of the radio = ₹1,200
First sale: Sold at a 10% loss
Second sale: Sold at a 15% profit
Formula Used:
Profit or Loss Percentage =
Solution:
First Sale (10% Loss):
Second Sale (15% Profit):
Total Selling Price = 1080 + 1380 = 2460
Total Cost Price = 1200 + 1200 = 2400
Overall Profit = 2460 − 2400 = 60
Profit Percentage =
Thus, the overall profit percentage is 2.5%
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