# How much did he make or lose on this series of transactions?

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A man bought a motor cycle for Rs. 16000, sold it Rs. 17000, then bought it back for Rs. 18000, and finally sold it for Rs. 19000.
How much did he make or lose on this series of transactions?

posted Mar 25

+1 vote

He made a profit of Rs. 1000 twice, in total Rs. 2000

2000 rupees profit

The man spent Rs. 16,000 + Rs. 18,000 = Rs. 34,000/- and receivef Rs. 17,000 + Rs. 19,000 = Rs. 36,000/-. Hence, he made a profit of Rs. 36,000 - Rs. 34,000 = Rs. 2,000/-..

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