Rehaan purchased a bike for Rs 54,000. He sold it at a loss of 8 per cent. With that money he again purchased another bike and sold it at a proflt of 10 percent. What is his overall loss/profit ?
Rehaan purchased a bike for Rs 54,000. He sold it at a loss of 8 per cent. With that money he again purchased another bike and sold it at a proflt of 10 percent. What is his overall loss/profit ?
ALoss of Rs 657
BProfit of Rs 567
CLoss of Rs 648
DProfit of Rs 648
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Correct answer is: Profit of Rs 648
Explanation:
\(\text{First S.P. = } \Large \frac{54000 \times 92}{100} \text{ = Rs. 49680}\)
\(\text{Second SP = } \Large \frac{49680 \times 110}{100} \text{= Rs. 54648}\)
\(\therefore \text{Profit = 54648 - 54000 = Rs. 648}\)
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