Rehaan purchased a bike for Rs.,54,000. He sold it at a loss of 8 % . With that money, he again purc

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7.Profit and Loss

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Rehaan purchased a bike for $Rs.\,54,000.$ He sold it at a loss of $8 \% .$ With that money, he again purchased another bike and sold that at a profit of $10$ percent. What is his overall loss/profit?

A

loss $Rs.\,657$

B

profit $Rs.\,567$

C

loss $Rs.\,648$

D

profit $Rs.\,648$

Solution

First selling price $=\frac{54000 \times 92}{100}=₹ 49680$

Second selling price $=49680 \times \frac{110}{100}=₹ 54648$

$\therefore \quad$ Profit $=54648-54000=Rs.\, 648$

Standard 13

Quantitative Aptitude

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