Seema purchased an item for Rs. 9600 and sold it for loss of 5%. From that money she purchased another item and sold it for gain of 5%. What is her overall gain/loss? |
A) Loss of Rs. 36
B) Profit of Rs. 24
C) Loss of Rs. 54
D) Profit of Rs. 36
E) None of these
Correct Answer: E
Solution :
Cost price of the item = Rs. 9600 |
Selling price of the item |
\[=9600\times \frac{95}{100}\times \frac{95}{100}=Rs.9576\] |
Selling price of another item |
\[=\frac{105}{100}\times 9576=9681\] |
Profit \[=9681-9600=81\] |
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