Question
A sold a car to B at 8% profit, who later sold it back
to A at 6% loss. If initially A purchased the car for Rs. 250000, then find the total profit earned by A in the transaction.Solution
Selling price of car when A sold it = 250000 X 1.08 = Rs. 270000 Selling price of the car when B sold it = 270000 X 0.94 = Rs. 253800 So, total profit earned by A = (270000 - 250000) - (253800 - 250000) = Rs. 16200
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