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.Solution
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
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