Kumar purchased an item for Rs.46,000 and sold it at a loss of 12 per cent. With that amount, she purchased another item and sold it at a gain of 12 per cent. What was her overall gain/loss?
Kumar purchased an item for Rs.46,000 and sold it at a loss of 12 per cent. With that amount, she purchased another item and sold it at a gain of 12 per cent. What was her overall gain/loss?
A
Loss of Rs.662.40
B
Profit of Rs.662.40
CLoss of Rs.642.80
D
Profit of Rs.642.80
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Correct answer is: Loss of Rs.662.40
Explanation:
From the question
CP = 46000
Loss = 12%
∴ SP = 46000 - 12% of 46000 = 40480
Now new CP = 40480
Given that Profit = 12%
∴ SP = 40480 + 12% of 40480 = 45337.6
∴ 46000 - 45337.6 = 662.4 loss
Hence option (a) is the answer.
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