Multiple choice

Meera purchased an item for Rs. 62,000/- and sold it at a loss of 25 percent. With that amount she purchased another item and sold it at a gain of 30 percent. What was her overall gain/loss ?

  1. Loss of Rs. 1560/-

  2. Profit of Rs. 1560/-

  3. Loss of Rs. 1550/-

  4. Profit of Rs. 1550/-

  5. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

First sale: 62000 with 25% loss = 62000 × 0.75 = 46500. Second sale: 46500 with 30% gain = 46500 × 1.3 = 60450. Overall: 60450 - 62000 = -1550, which is a loss of Rs. 1550. Option B is incorrect sign error.