New Enroll in RBI Grade B New Batch - Starts on May 21

    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.
    A Rs.2500 Profit Correct Answer Incorrect Answer
    B Rs.2000 Loss Correct Answer Incorrect Answer
    C Rs.1000 Profit Correct Answer Incorrect Answer
    D Rs.1300 Loss Correct Answer Incorrect Answer

    Solution

    ATQ,

    Sum of cost price of the bike and helmet = 25000 + 1500 = Rs. 26,500

    Selling price of the bike = 25000 × 0.88 = Rs. 22,000

    Selling price of the helmet = 1500 × 1.20 = Rs. 1,800

    Total loss in the transaction = (22000 + 1800) - 26500 = Rs. 1,300

    Practice Next