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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.

A Rs. 16000 Correct Answer Incorrect Answer
B Rs. 15200 Correct Answer Incorrect Answer
C Rs. 17200 Correct Answer Incorrect Answer
D Rs. 16200 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

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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