Profit and loss

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Kiran purchased a scooter for Rs. 52000. He sold it at loss of 10%. With that money he purchased another scooter and sold it at profit of 20%. What is his overall loss/profit?

Rs. 4160 profit

Rs. 2060 profit

Rs. 2560 loss

Rs. 1340 loss

Explanation:

SP of the 1^st Scooter = (100 – Loss%) /100 x CP
= 90/100 × 52000 = 46800/-
SP of the 2^nd Scooter = (100 + Gain%) /100 X CP
= 120/100 × 46800 = 56160
∴ Profit = Rs. 56160 – Rs. 52000 = Rs. 4160/-

By: Amit Kumar

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