Question

Krishna purchased an item for rs 16200 and sold it at the gain of 16%.from that amount he purchased another item and sold it at the loss of 20% .what is his overall gain / loss

Answer 1

CP = 16200
Gain% = 16%
SP = ?

SP = 100+16/100*16200
= 116/100*16200
= 18792

Second case
SP = 18792
Loss% =20%
CP = ?

CP = 100/100-20*18792
= 100/80*18792
= 23490

loss = CP - SP
= 23490- 18792
= 4698