Harsh purchased a scooter for ₹48,000. He sold it at a loss of 15%. With that money he purchased another scooter and sold it at a profit of 22.5%. What is his overall loss/profit percentage?
Answer & explanation
Correct answer: option 1
C.P = Rs. 48,000
Loss% on first S.P = 15 %
Profit on second S.P = 22.5 %
First S.P = 85% of 48000 = Rs. 40,800
Hence, First S.P = Second C.P = Rs. 40,800
Now, Second S.P = 122.5% of 40,800
Second S.P = Rs. 49,980
Now, Total profit = Second S.P - C.P = 49,980 - 48,000 = 1,980
Hence, total profit = Rs. 1,980
Now, Profit % = \(\frac{1,980}{48000}\) × 100
Profit % = 4.125 %