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Kamya purchased an item for Rs 46,000 and sold it at a loss of 12 percent. With that amount, she purchased another item and sold it at a gain of 12 percent. What was her overall gain/loss?
  • a)
    Loss of Rs 662.40
  • b)
    Profit of Rs 662.40
  • c)
    Loss of Rs 642.80
  • d)
    Profit of Rs 642.80
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
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Kamya purchased an item for Rs 46,000 and sold it at a loss of 12 perc...
To solve this problem, let's break it down into two parts: the first transaction and the second transaction.

First Transaction:
Kamya purchased an item for Rs 46,000 and sold it at a loss of 12 percent.

- Cost price of the item = Rs 46,000
- Loss percentage = 12%

To find the selling price, we need to calculate the loss amount and subtract it from the cost price.

- Loss amount = (Loss percentage / 100) * Cost price
= (12 / 100) * 46,000
= Rs 5,520

- Selling price = Cost price - Loss amount
= 46,000 - 5,520
= Rs 40,480

Second Transaction:
With the amount of Rs 40,480, Kamya purchased another item and sold it at a gain of 12 percent.

- Cost price of the second item = Rs 40,480
- Gain percentage = 12%

To find the selling price, we need to calculate the gain amount and add it to the cost price.

- Gain amount = (Gain percentage / 100) * Cost price
= (12 / 100) * 40,480
= Rs 4,857.60

- Selling price = Cost price + Gain amount
= 40,480 + 4,857.60
= Rs 45,337.60

Overall Gain/Loss:
To find the overall gain/loss, we need to calculate the difference between the selling price of the second item and the cost price of the first item.

- Overall Gain/Loss = Selling price of the second item - Cost price of the first item
= 45,337.60 - 46,000
= -662.40

Since the overall gain/loss is negative, it means there is a loss of Rs 662.40.

Therefore, the correct answer is option (a) Loss of Rs 662.40.
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Kamya purchased an item for Rs 46,000 and sold it at a loss of 12 percent. With that amount, she purchased another item and sold it at a gain of 12 percent. What was her overall gain/loss?a)Loss of Rs 662.40b)Profit of Rs 662.40c)Loss of Rs 642.80d)Profit of Rs 642.80e)None of theseCorrect answer is option 'B'. Can you explain this answer?
Question Description
Kamya purchased an item for Rs 46,000 and sold it at a loss of 12 percent. With that amount, she purchased another item and sold it at a gain of 12 percent. What was her overall gain/loss?a)Loss of Rs 662.40b)Profit of Rs 662.40c)Loss of Rs 642.80d)Profit of Rs 642.80e)None of theseCorrect answer is option 'B'. 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 Kamya purchased an item for Rs 46,000 and sold it at a loss of 12 percent. With that amount, she purchased another item and sold it at a gain of 12 percent. What was her overall gain/loss?a)Loss of Rs 662.40b)Profit of Rs 662.40c)Loss of Rs 642.80d)Profit of Rs 642.80e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Kamya purchased an item for Rs 46,000 and sold it at a loss of 12 percent. With that amount, she purchased another item and sold it at a gain of 12 percent. What was her overall gain/loss?a)Loss of Rs 662.40b)Profit of Rs 662.40c)Loss of Rs 642.80d)Profit of Rs 642.80e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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