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How much did she gain or lose in the entire transaction?

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My friend collects postage stamps. She purchased two, but found that she needed to raise money urgently. So she sold them for INR 8000 each. On one she made 20% and on the other she lost 20%.

How much did she gain or lose in the entire transaction?

posted Jul 7, 2014 by Salil Agrawal

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1 Answer

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Net Loss of Rs. 666.67

She sold both stamps for 8000/- each.

For 1st: 20% profit
i.e. she sold for profit Rs. 1333.33 (8000*100/120)

For 2nd: 20% loss
i.e. she sold for loss Rs. 2000 (8000*100/80)

Thus Net loss = 1333.33 - 2000.00 = Rs. 666.67.

answer Jul 9, 2014 by Kunal Shah



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