Question

raja Reddy purchased an item for RS 32,500 and sold it at a loss of 8 percent. from that money ,he purchased another item and sold it for a gain of 8 percent . what is his overall gain / loss
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Answer 1

Answer:

loss=8% of 32500

=8/100×32500

=2600

so s.p=32500-2600

=29900

he sold it at 8 percent gain from remaining money so gain= 8% of 29900

=8/100×29900

=2392

Explanation:

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Answer 2

The answer is 0.33% of loss

GIVEN

Raja Reddy purchased an item for RS 32,500 and sold it at a loss of 8 percent. from that money

,purchased another item and sold it for a gain of 8 percent.

TO FIND

Overall gain/loss

SOLUTION

The above problem can be simply solved as follows;

Cost price of first item = Rs 32,500

Loss% = 8%

Formula of loss%

Loss% = [(CP-SP)/CP] × 100

8/100 = (32500-SP)/32500

0.08 × 32500 = 32500 - SP

2600 = 32500 - SP

SP = Rs 29,900

Cost price of 2nd item = Rs 29,900

Cost price of both items = 32500 + 29900

= Rs 62,400

Gain% = 8%

Formula to calculate gain%

Gain% = [(SP-CP)/CP] × 100

8/100 = (SP-29900)/29900

0.08 × 29900 = SP - 29900

2392 = SP - 29900

SP = Rs 32292

Total selling price = Rs 29,900 + Rs 32,292 = Rs 62,192

Sinc,

total Cost price > Total selling price

Therefore, Loss has occurred.

Loss% = (208/62400) × 100

= 0.33%

Hence, The answer is 0.33% of loss

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