Question

Profit and Love
Ranjeet purchased an item for Rs. 3 500 and sold it at the loss of 25%. From that amount
he purchased another item and sold it at the gain of 20%. What is his overall gain/loss?
a) Loss of Rs 240
b) Gain of Rs. 120
c) Loss of Rs. 350
d) Neither gain nor loss
Sujit incurred a loss of 45m​

Answer 1

His overall loss is ₹175

Step-by-step explanation:

GIVEN

Selling price = 400

Cost price = 350

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To Find

Loss or Profit

___________________________

We know that,

Profit Percent = Profit × 100 / Cost Price

Loss Percent = Loss × 100 / Cost Price

___________________________

We know that,

Loss Percent = Loss × 100 / Cost Price

25% = Loss × 3500 / 100

25% = 25 × 3500 / 100

25% = 87500

25% = 875

25% = ₹875

He get the loss of ₹875

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Now,

Let's find the profit on another item

We know that,

Profit Percent = Loss × 100 / Cost Price

20% = Profit × 3500 / 100

20% = 20 × 3500 / 100

20% = 70000

20% = 700

20% = ₹700

He get the profit of ₹700 on another item

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Now,

Let's find what is his overall gain or loss

We know that,

Loss amount is more than profit amount

Therefore he get loss

Let's find the loss amount

Amount = loss - profit

Amount = 875 - 700

Amount = 175

Overall Loss = ₹175

His overall loss is ₹175