Profit and Loss Practice Test 6

Question : 14 of 40

Marks: +1, -0

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

Loss of Rs 662.40
Profit of Rs 662.40
Loss of Rs 642.80
Profit of Rs 642.80

Validate

Solution:

Cost price of an item = Rs 46,000
Loss per cent = 12%
Sale price of the item

=4600-12/100 ×46000

= Rs 4,0480
Cost price of another item = Rs 40,480
Profit per cent = 12%
Sale price

= 40,480+12/100 ×40,480

= Rs 45,337.6
His overall loss = 46,000 - 45,337.6 = Rs 662.40

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