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Kamya purchased an item for Rs 46,000 and sold it at a loss of 12 per cent. With that amount she purchased another item which he sold at a gain of 12%. What was her overall gain/loss? Loss of Rs 662.40 Profit of Rs 662.40 Loss of Rs 642.80 Profit of Rs 642.80

Question

Kamya purchased an item for Rs 46,000 and sold it at a loss of 12 per cent. With that amount she purchased another item which he sold at a gain of 12%. What was her overall gain/loss? Loss of Rs 662.40 Profit of Rs 662.40 Loss of Rs 642.80 Profit of Rs 642.80

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Solution

First, let's calculate the selling price of the first item. Kamya sold it at a loss of 12%, so:

Loss = 12/100 * 46000 = Rs 5520

So, the selling price of the first item = Purchase price - Loss = 46000 - 5520 = Rs 40480

Next, Kamya used this amount to purchase another item, which she sold at a gain of 12%. Let's calculate the selling price of the second item:

Gain = 12/100 * 40480 = Rs 4857.6

So, the selling price of the second item = Purchase price + Gain = 40480 + 4857.6 = Rs 45337.6

Now, let's calculate the overall gain or loss. The total amount Kamya spent was Rs 46000, and the total amount she got after selling both items was Rs 45337.6.

So, the overall loss = Total spent - Total received = 46000 - 45337.6 = Rs 662.4

Therefore, Kamya had an overall loss of Rs 662.4.

This problem has been solved

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