Question

Pankaj purchased an item for Rs. 7500 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 over all gain/loss?
(a) Loss of Rs. 140
(b) Gain of Rs. 60
(c) Loss of Rs. 60
(d) Neither gain nor loss
(e) None of the above

Answer 1

Answer:

Pankaj purchased item for = Rs 7500

SP at gain of 24% = 100+24/100×7500 =124 ×75= Rs 9300

He against purchased another item for =Rs 9300

SP at the loss of 20% = 100-20/100×9300 = 80×93 = Rs 7440

Total CP = Rs (7500+9300)= Rs 16800

Total SP = Rs (9300+7440)= Rs 16740

So, CP is greater than SP

Loss= Rs (16800-16740) = Rs 60

Answer 2

loss of Rs.60

gain 24%=100+24❌ 7500=124❌75=9300

loss of 20%=100-20/100❌9300=80❌93=Rs 7440

Rs (7500+9300) =16800

Rs (9300-7440)=16740

so,CP is greater than SP

Loss =(16800-16740)=Rs 60

Thank u