Profit and Loss ch10-9man went to market and purchased an itemor 15000 and sold it at a loss of 10%. Fromthat amount he purchased another item and soldit a profit of 16%. What is the amount of overallprofit made by him in whole dealing?(a) R 650(c) 610(b) R 660(d) 720

Profit and Loss ch10-9man went to market and purchased an itemor 15000

1.	Profit and Loss ch10-9man went to market and purchased an itemor 15000 and sold it at a loss of 10%. Fromthat amount he purchased another item and soldit a profit of 16%. What is the amount of overallprofit made by him in whole dealing?(a) R 650(c) 610(b) R 660(d) 720
Answer» Explanation:By successive formula, overall profit % = -10 + 16 + (-10)(16)/100 [ – for loss] = 6 – 1.6 = 4.4%So, overall profit = 4.4 *15000/100 = 660