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Test Index
Profit and Loss Practice Test 5
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© examsnet.com
Question : 10
Total: 40
Prashant purchased an item for Rs 8,700 and sold it at a loss of 12%. With that amount, he purchased another article and sold it at a profit of 13.64%. Find the net profit or loss of Prashant.
Rs 49, Loss
Rs 13, Profit
Rs 700, Profit
Approximately no profit or loss
Cannot be determined
Validate
Solution:
CP of the item = Rs 8,700
SP of the item =
8
,
700
−
12
100
×
8
,
700
= Rs 7,656
New SP of the item =
7
,
656
+
13.64
100
×
7
,
656
= Rs 8,700.27
© examsnet.com
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