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Meera purchased an item for Rs 52,000 and sold it at a loss of 30 percent. With that amount she purchased another item and sold it at a gain of 40 percent. What was her overall gain/loss?
  • a)
    Loss of Rs 1040
  • b)
    Profit of Rs 1560
  • c)
    Loss of Rs 1550
  • d)
    Profit of Rs 1550
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
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Meera purchased an item for Rs 52,000 and sold it at a loss of 30 perc...
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Meera purchased an item for Rs 52,000 and sold it at a loss of 30 perc...
To find the overall gain or loss, we need to calculate the amount Meera made from selling the first item and the amount she made from selling the second item.

Selling the first item:
Meera purchased the item for Rs 52,000. She sold it at a loss of 30%.
Loss = 30% of Rs 52,000 = (30/100) * 52,000 = Rs 15,600
Amount received from selling the first item = Rs 52,000 - Rs 15,600 = Rs 36,400

Selling the second item:
Meera used the amount of Rs 36,400 from selling the first item to purchase the second item. She sold it at a gain of 40%.
Gain = 40% of Rs 36,400 = (40/100) * 36,400 = Rs 14,560
Amount received from selling the second item = Rs 36,400 + Rs 14,560 = Rs 50,960

Calculating the overall gain/loss:
Overall gain/loss = Amount received from selling the second item - Amount spent on the first item
= Rs 50,960 - Rs 52,000 = - Rs 1,040

Therefore, the overall gain/loss is a loss of Rs 1,040.
Hence, option A is the correct answer.
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Meera purchased an item for Rs 52,000 and sold it at a loss of 30 perc...
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Meera purchased an item for Rs 52,000 and sold it at a loss of 30 percent. With that amount she purchased another item and sold it at a gain of 40 percent. What was her overall gain/loss?a)Loss of Rs 1040b)Profit of Rs 1560c)Loss of Rs 1550d)Profit of Rs 1550e)None of theseCorrect answer is option 'A'. Can you explain this answer?
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Meera purchased an item for Rs 52,000 and sold it at a loss of 30 percent. With that amount she purchased another item and sold it at a gain of 40 percent. What was her overall gain/loss?a)Loss of Rs 1040b)Profit of Rs 1560c)Loss of Rs 1550d)Profit of Rs 1550e)None of theseCorrect answer is option 'A'. 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 Meera purchased an item for Rs 52,000 and sold it at a loss of 30 percent. With that amount she purchased another item and sold it at a gain of 40 percent. What was her overall gain/loss?a)Loss of Rs 1040b)Profit of Rs 1560c)Loss of Rs 1550d)Profit of Rs 1550e)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Meera purchased an item for Rs 52,000 and sold it at a loss of 30 percent. With that amount she purchased another item and sold it at a gain of 40 percent. What was her overall gain/loss?a)Loss of Rs 1040b)Profit of Rs 1560c)Loss of Rs 1550d)Profit of Rs 1550e)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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