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Raman purchased an article for Rs 4,500/...

Raman purchased an article for Rs 4,500/- and sold it at 25% loss. From that money he purchased another article and sold it at 20% profit. What is his total profit/loss?

A

Rs 450/- loss

B

Rs 450/- profit

C

Rs 420/-profit

D

No profit no loss

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Calculate the Selling Price after 25% Loss Raman purchased an article for Rs 4,500. He sold it at a 25% loss. 1. **Calculate the loss amount:** \[ \text{Loss} = \text{Cost Price} \times \frac{25}{100} = 4500 \times 0.25 = 1125 \] 2. **Calculate the Selling Price (SP) after loss:** \[ \text{Selling Price} = \text{Cost Price} - \text{Loss} = 4500 - 1125 = 3375 \] ### Step 2: Purchase Another Article with the Selling Price Raman then used the money from selling the first article (Rs 3,375) to purchase another article. ### Step 3: Calculate the Selling Price after 20% Profit He sold the second article at a 20% profit. 1. **Calculate the profit amount:** \[ \text{Profit} = \text{Cost Price} \times \frac{20}{100} = 3375 \times 0.20 = 675 \] 2. **Calculate the Selling Price (SP) after profit:** \[ \text{Selling Price} = \text{Cost Price} + \text{Profit} = 3375 + 675 = 4050 \] ### Step 4: Calculate Total Profit or Loss Now, we need to find out the total profit or loss from the original purchase price. 1. **Total amount spent initially:** \[ \text{Initial Cost Price} = 4500 \] 2. **Total amount received from selling the second article:** \[ \text{Total Selling Price} = 4050 \] 3. **Calculate the total profit or loss:** \[ \text{Total Profit/Loss} = \text{Total Selling Price} - \text{Initial Cost Price} = 4050 - 4500 = -450 \] Thus, Raman incurred a loss of Rs 450. ### Final Answer: Raman's total loss is Rs 450. ---
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