IBPS SO Prelims Exam Model Paper 5

Given:
Sumit purchased item for Rs.6500
Profit = 24%
Formula used:
SP = CP ×

(100+P%)

100

SP = CP ×

(100−L%)

100

Here SP is selling price, CP is cost price, P% is profit% and L% is loss%
Calculation:
The selling price of item =

(6500×124)

100

⇒ Rs. 8060
Sumit purchases another item at Rs. 8060
Sell at = 20% loss
The selling price of another item =

(8060×80)

100

⇒ Rs. 6448
Gain/loss of Sumit in the whole transaction = 6448 − 6500
⇒ Rs. − 52
Sumit loss in whole transition = 52