1.

A person sells an item to another person at a profit of 40% and the second person sells it to a third person at a loss of 15%. What is the resultant profit or loss?

Answer»

19 %



Let the CP of the item = Rs.100.

1st person’s SP = Rs.140

2nd person’s SP = Rs.140 – 21 = Rs.119.

Resultant profit = Rs.119 – 100 = Rs.19.

Resultant profit percent = 19 x 100/100 = 19%.



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