Rehaan purchased a bike for Rs. 54,000. He so | vedclass

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(D) Initial cost price of the bike $= Rs. 54,000$.Selling price after $8\%$ loss $= 54,000 	imes (1 - 0.08) = 54,000 	imes 0.92 = Rs. 49,680$.Rehaan

Vedclass · Accepted Answer

profit $Rs. 648$

Vedclass · Answer

(D) Initial cost price of the bike $= Rs. 54,000$.Selling price after $8\%$ loss $= 54,000 	imes (1 - 0.08) = 54,000 	imes 0.92 = Rs. 49,680$.Rehaan uses this amount to purchase another bike, so the new cost price $= Rs. 49,680$.Selling price after $10\%$ profit $= 49,680 	imes (1 + 0.10) = 49,680 	imes 1.1 = Rs. 54,648$.Overall profit or loss $= 	ext{Final Selling Price} - 	ext{Initial Cost Price} = 54,648 - 54,000 = Rs. 648$.Since the result is positive, it is a profit of $Rs. 648$.

Rehaan purchased a bike for $Rs. 54,000$. He sold it at a loss of $8\%$. With that money, he again purchased another bike and sold that at a profit of $10\%$. What is his overall loss or profit?

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