Question

Ramaiah purchased an item for 10,000 and sold it at the gain of 40% from that amount he purchased another item and sold it at the loss of 25% what is his overall gain loss

Answer 1

overall gain on whole transaction is 500/-

Answer 2

Answer:

Rs.500

Step-by-step explanation:

Cost price of an item is 10,000

Gain% = 40 %

Gain = $40\% \times 10000$=$\frac{40}{100} \times 10000$ =4000

SP = CP+PROFIT

SP = 10000+4000=14000

Now we are given that he purchased another item with this amount i.e. Rs.14000

So, CP =14000

Loss % = 25 %

Loss =  $25\% \times 14000$=$\frac{25}{100} \times 14000$ =3500

SP= CP-LOSS

S.P. = 14000-3500 = 10500

So, Initial CP = 10000

Final S.P. = 10500

So, Profit = S.P. - C.P. = 10500-10000=500

Thus His overall gain is Rs.500.