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    Question

    A sold a car to B at 4% profit, who later sold it back

    to A at 2% loss. If initially A purchased the car for Rs. 4,00,000, then find the total profit earned by A in the transaction.
    A Rs. 8220 Correct Answer Incorrect Answer
    B Rs. 8300 Correct Answer Incorrect Answer
    C Rs. 8520 Correct Answer Incorrect Answer
    D Rs. 8320 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Selling price of car when A sold it = 400000 X 1.04 = Rs. 416,000 Selling price of the car when B sold it = 416000 X 0.98 = Rs. 407680 So, total profit earned by A = (416000 - 400000) - (407680 - 400000) = Rs. 8320

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