Question : Sourabh purchased an article for INR 48,000 and sold it at a loss of 12%. With that amount, she purchased another item and sold it at a gain of 20%. What is the overall gain or loss in INR?
Option 1: INR 2,688 loss
Option 2: INR 14,208 loss
Option 3: INR 2,688 gain
Option 4: INR 14,208 gain
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Correct Answer: INR 2,688 gain
Solution :
Cost price = INR 48,000
Selling price after 12% loss = $\frac{48000\times(100-12)}{100}$ = INR 42,240
Selling price after 20% gain = $\frac{42240\times(100+20)}{100}$ = INR 50,688
Profit = Selling price – Cost price = INR (50,688 – 48,000) = INR 2,688
Hence, the correct answer is a profit of INR 2,688.
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