Multiple choice

Rekha bought an article in Rs. 62000 and sold it at 25 percent loss. From this amount she bought another article and sold it at 30 percent profit. What is her total profit/loss?

  1. Rs. 1560, loss

  2. Rs. 1560, profit

  3. Rs. 1550, loss

  4. Rs. 1550, profit

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

First sale: 62000 at 25% loss. Selling price = 62000 × (1 - 0.25) = 62000 × 0.75 = 46500. Second purchase: 46500. Second sale: 30% profit. Selling price = 46500 × (1 + 0.30) = 46500 × 1.30 = 60450. Net result = 60450 - 62000 = -1550 (loss of 1550). The key is tracking how the sale proceeds from the first transaction become the cost price for the second.

Keep practicing — related questions