Question

Sanjay purchased a bike at the price of Rs. 60,000 and sold it at a loss of 25%. With this money, he again purchased a new bike and sold that at a profit of 40%. Find the profit earned by him in the whole transaction.

Q: Answer-&lt;p&gt;Sanjay purchased a bike at the price of Rs. 60,000 and sold it at a loss of 25%. With this...

ATQ, Money obtained by Sanjay through first sale 100 - 25 of 60,000 0.75 x 60,000 Rs. 45,000 Money obtained by Sanjay through second sale 100 40 of 45,000 1.4 x 45,000 Rs. 63,000 Net profit earned by Sanjay 63,000 - 60,000 Rs. 3,000

A Rs.6,540

B Rs.8,540

C Rs.2,500

D Rs.3,000

E None of these

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Sanjay purchased a bike at the price of Rs. 60,000 and sold it at a loss of 25%. With this money, he again purchased a new bike and sold that at a profit of 40%. Find the profit earned by him in the whole transaction.

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