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    Question

    Madhav purchased an item for ₹42,000 and sold it at a

    loss of 20%. With that amount, he purchased another item and sold it at a gain of 30%. What is the overall gain (in ₹)? 
    A 6720 Correct Answer Incorrect Answer
    B 4200 Correct Answer Incorrect Answer
    C 1680 Correct Answer Incorrect Answer
    D 2520 Correct Answer Incorrect Answer

    Solution

    Madhav's selling price of the first item:   (SP_1 = 42000 - (20% x 42000) = 42000 - 8400 = 33600)   Cost price of the second item:   (CP_2 = 33600)   Selling price of the second item:   (SP_2 = 33600 + (30% x 33600) = 33600 + 10080 = 43680)   Overall gain: = 43680 - 42000 = 1680  

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