Mathematics · Profit and Loss
Pankaj purchased two bikes, the first for Rs. 24,000 and the second for Rs. 20,000. He sold both bikes, the first at a profit of 20% and the second at a loss of 30%. What is his overall profit or loss?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Loss = Rs. 1,200✓
- 2Profit = Rs. 1,200
- 3Profit = Rs. 1,400
- 4Loss = Rs. 1,400
Correct answer
Loss = Rs. 1,200
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