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.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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