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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-7

  • question_answer
    Sumit purchased an item for Rs. 6500 and sold it at the gain of 24%. From that amount he purchased another item and sold it at the loss of 20%. What is his overall gain/loss?

    A)  Loss of Rs. 42              

    B)  Gain of Rs. 42

    C)  Loss of Rs. 52

    D)  Neither gain nor loss

    E)  None of these

    Correct Answer: C

    Solution :

          Last S.P. \[=6500\times \frac{100+24}{100}\times \frac{100-20}{100}\] \[=6500\times \frac{124}{100}\times \frac{80}{100}\] \[=Rs.6448\] \[\therefore \] Loss = 6500 - 6448 = Rs. 52


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