Question

Ram purchased an item for ₹8,200 and sold it at a gain of 35%. From that amount he purchased another item and sold it at a loss of 20%. What is his overall gain/loss?

• A. ₹655 gain
• B. ₹656 gain
• C. ₹655 loss
• D. ₹656 loss

Answer 1

Answer:

B. ₹656 gain

CP of an item = ₹8,200. He sold it at a gain of 35%. SP = 8200 × 135/100 = ₹11,070 he purchased another item and sold it at a loss of 20%. SP = 11070 × 80/100 = ₹8,856 overall gain/loss = 8,856 - 8,200 = ₹656 gain