Question
An individual purchased a bike for Rs. 25,000 and a helmet
for Rs. 1,500. He sold the bike at a loss of 12% and the helmet at a profit of 20%. Calculate the total profit or loss in the transaction.Solution
ATQ,
Sum of cost price of the bike and helmet = 25000 + 1500 = Rs. 26,500
Selling price of the bike = 25000 Ă— 0.88 = Rs. 22,000
Selling price of the helmet = 1500 Ă— 1.20 = Rs. 1,800
Total loss in the transaction = (22000 + 1800) - 26500 = Rs. 1,300
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