1.

The price of an item gets increased by 10% everyday. Sunny bought it for Rs. 10000. After three days, he sold it to Garry at Rs. 12000, and bought another item from market at prevailing market price. On next day, he sold this item as well to Ricky at Rs. 15000. How much profit or loss did Sunny make?1). Rs. 20002). Rs. 36903). Rs. 33804). Rs. 4000

Answer»

SUNNY bought it for Rs. 10000. After three days, he sold it to GARRY at Rs. 12000.

⇒ Sunny made a profit of Rs. 2000

Market price of ITEM after 3 days = Rs. 10000 × (1 + 10/100) × (1 + 10/100) × (1 + 10/100) = Rs. 13310

Sunny bought the item at Rs. 13310. On next day, he sold this item as well to Ricky at Rs. 15000.

⇒ Sunny made a profit of Rs. 1690

∴ Profit made by Sunny = Rs. 2000 + Rs. 1690 = Rs. 3690


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