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Rahul purchased an article for Rs. 8400 and sold it for a loss of 5%. From that money he purchased another article and sold it for a gain of 5%. What is the overall gain or loss?
  • a)
    Profit of Rs.21
  • b)
    Profit of Rs.24
  • c)
    Loss of Rs.21
  • d)
    Loss of Rs.24
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Rahul purchased an article for Rs. 8400 and sold it for a loss of 5%. ...
CP = 8400
SP = 8400 * 95/100 = 7980
CP = 7980
SP = 7980 * 105/100 = 8379
Difference = 8400 – 8379 = 21
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Most Upvoted Answer
Rahul purchased an article for Rs. 8400 and sold it for a loss of 5%. ...
Given, cost price of first article = Rs. 8400
Loss incurred on selling the article = 5%
Selling price of the first article = Cost price - Loss = 8400 - (5/100) * 8400 = Rs. 7980

Using the money obtained from selling the first article, Rahul purchased another article and sold it for a gain of 5%.

Let's calculate the cost price of the second article using the selling price of the first article.

Selling price of the first article = Cost price of the second article
Selling price of the second article = Cost price of the second article + 5% of cost price of the second article

Using the above two equations, we can write:

Cost price of the second article = Selling price of the first article
= Rs. 7980

Selling price of the second article = Cost price of the second article + 5% of cost price of the second article
= 7980 + (5/100) * 7980
= Rs. 8379

Now, let's calculate the overall gain or loss.

Overall profit or loss = Selling price of the second article - Cost price of the first article
= 8379 - 8400
= -21

Since the overall value is negative, it means that Rahul has incurred a loss of Rs. 21. Therefore, option (c) is the correct answer.
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Community Answer
Rahul purchased an article for Rs. 8400 and sold it for a loss of 5%. ...
CP = 8400
SP = 8400 * 95/100 = 7980
CP = 7980
SP = 7980 * 105/100 = 8379
Difference = 8400 – 8379 = 21
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Rahul purchased an article for Rs. 8400 and sold it for a loss of 5%. From that money he purchased another article and sold it for a gain of 5%. What is the overall gain or loss?a)Profit of Rs.21b)Profit of Rs.24c)Loss of Rs.21d)Loss of Rs.24e)None of theseCorrect answer is option 'C'. Can you explain this answer?
Question Description
Rahul purchased an article for Rs. 8400 and sold it for a loss of 5%. From that money he purchased another article and sold it for a gain of 5%. What is the overall gain or loss?a)Profit of Rs.21b)Profit of Rs.24c)Loss of Rs.21d)Loss of Rs.24e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Rahul purchased an article for Rs. 8400 and sold it for a loss of 5%. From that money he purchased another article and sold it for a gain of 5%. What is the overall gain or loss?a)Profit of Rs.21b)Profit of Rs.24c)Loss of Rs.21d)Loss of Rs.24e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rahul purchased an article for Rs. 8400 and sold it for a loss of 5%. From that money he purchased another article and sold it for a gain of 5%. What is the overall gain or loss?a)Profit of Rs.21b)Profit of Rs.24c)Loss of Rs.21d)Loss of Rs.24e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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