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 ₹)?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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