Question
A sold a car to B at 11% profit, who later sold it back to A at 4% 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 1.11 = Rs. 277500 Selling price of the car when B sold it = 277500 X 0.96 = Rs. 266400 So, total profit earned by A = (277500 - 250000) - (266400 - 250000) = Rs. 11100
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