Madhav purchased an item for ₹42,000 and sold it at a loss of 20%. With that…
2024
Madhav purchased an item for ₹42,000 and sold it at a loss of 20%. With that amount, he purchased another item and sold it at a gain of 30%. What is the overall gain (in ₹)?
- A.
6720
- B.
4200
- C.
1680
- D.
1688
Attempted by 1 students.
Show answer & explanation
Correct answer: C
First Transaction:
Cost Price = ₹42,000.
Loss = 20% of ₹42,000 = 0.20 × 42,000 = ₹8,400.
Selling Price = Cost Price - Loss = ₹42,000 - ₹8,400 = ₹33,600.
Second Transaction:
Cost Price (amount from first sale) = ₹33,600.
Gain = 30% of ₹33,600 = 0.30 × 33,600 = ₹10,080.
Selling Price = ₹33,600 + ₹10,080 = ₹43,680.
Overall Gain:
Overall Gain = Final Selling Price - Initial Cost Price = ₹43,680 - ₹42,000 = ₹1,680.