# What is his over all gain/ loss?

Sohan Purchased an item for Rs. 6500 and sold it at a gain of 24 %. From that amount he purchased another item and sold it at a loss of 20 %. What is his overall gain/loss?

- Profit of Rs. 50
- Loss of Rs. 52
- Loss of Rs. 48
- None of these

**Answer: (2) Loss of Rs. 52**

**Explanation:-**

Sohan purchased an item = Rs.6500

Profit = 24 %

Then, the selling price = 6500 x 124/100

= Rs.8060

Profit = 8060 – 6500

= Rs.1560

He purchased other item = Rs.8060

Loss = 20 %

Then, the selling price = 8060 x 80/100

= Rs. 6448

Loss = 8060 – 6448

= Rs.1612

Allover loss = 1612 – 1560

= Rs.52.

Then, the total loss is Rs. 52.

Hence, the answer is (2) Loss of Rs.52.