Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2010 · Marks: · Difficulty:
Raju purchased an item for ₹ 8200 and sold it at a gain of 25\%. From that amount he purchased another item and sold it at a loss of 20\%. What is his overall gain/loss?
(a)Loss of ₹ 120
(b)Gain of ₹ 120
(c)Loss of ₹ 140
(d)Neither loss nor gain
Answer
Answer (as printed): D
Explanation
Initial investment $=₹ 8200$. $$\text { S.P. of 1st item }=₹\left(\frac{125}{100} \times 8200\right)=₹ 10250 \text {. }$$ C.P. of 2nd item $=₹ 10250$. Loss $=20 \%$. $$\begin{aligned} \text { Final receipt } & =\text { S.P. of 2nd item }=₹\left(\frac{80}{100} \times 10250\right) \\ & =₹ 8200 . \end{aligned}$$ Since initial investment = final receipt, there was neither gain nor loss.
Explanation as extracted from the printed page; notation may be imperfect.