Madhav purchased an item for Rs. 42,000 and sold it at a loss of 20%. With that amount, he purchased another item and sold it at a gain of 30%. What is the overall gain (in Rs. )?
Given:
Purchasing cost of item = Rs 42,000
Loss percentage = 20%
Gain at again selling = 30%
Formula Used:
Loss = CP - SP
Gain = SP - CP
Solution:
Selling price with a loss of 20% =
SP = 80 420 = Rs 33,600
Now, the cost price = Rs 33,600 and gain = 30%.
So, Selling Price =
SP = 130 336 = Rs 43,680
Overall Gain = Rs (43680 - 42000) = Rs 1,680.
English
80 Questions
160 Marks
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