Profit And Loss Ques 36

Question.

Seema purchased an item for ₹ 9,600 and sold it for a loss of 5 percent. From that money she purchased another item and sold it for a gain of 5 percent. What is her overall gain/loss?

(1) Loss of ₹ 36

(2) Profit of ₹ 24

(3) Loss of ₹ 54

(4) Profit of ₹ 36

(5) None of these

(Bank Of Baroda PO Exam. 13.03.2011)

Show Answer

Correct Answer: (5)

Solution: (5)

First S.P. $=\frac{9600 \times 95}{100}$ = ₹ 9120

Second S.P. $\quad=\frac{9120 \times 105}{100}$

$\therefore$ Loss $= \text{₹} (9600-9576)= \text{₹} 24$