Question

Find the Profit of Ambika in Total Transaction
Ambika purchased a shop for Rs. 10000. She sold it to Shaila at a profit of 20% of cost price. Again Shaila sold that shop to Ambika at the loss of 10%. How much profit Ambika got in the total transaction?

Answer 1

During the first transaction a shop worth Rs.10,000 was sold at a 20% profit. This means that it was sold at Rs. 12,000.

During the second transaction, this shop now worth Rs, 12,000 was sold back to the original owner at a loss of 10%. This means that it was sold back for Rs. 10,800 (we get this by Rs. 12,000 - Rs. 1200)

Now we just need to find the total profit percentage which we can easily calculate as follows: Rs10,800 - Rs.10,000 = Rs. 800

So, total profit made is Rs. 800