Question

Pankaj purchased an item for Rs. 7,500 and sold it at the gain of 24%. From that amount
he purchased another item and sold it at the loss of 20%. What is his overall gain​

Answer 1

Step-by-step explanation:

CP1 = Rs.7500

SP1 = 7500×124100 = Rs.9300 = CP2

SP2 = 9300×80100 = Rs.7440 => CP1> SP2

Hence, loss is incurred in this transaction

Therefore, Required loss =(CP1 - SP2)

= 7500 - 7440 = Rs.60