Question
Raj purchased a television at the price of Rs. 50,000
and sold it at a loss of 12%. With this money, he again purchased a new television and sold that at a profit of 28%. Find the profit earned by him in the whole transaction.Solution
ATQ, Money obtained by Raj through first sale = (100 - 12)% of 50,000 = (0.88) x 50,000 = Rs. 44,000 Money obtained by Raj through second sale = (100 + 28)% of 44,000 = (1.28) x 44,000 = Rs. 56,320 Net profit earned by Raj = 56,320 - 50,000 = Rs. 6,320
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