SOLUTION: Manish purchased an item for Rs.6500 and sold it at a loss of 30 %. From that amount he purchased another item and sold it at profit of 25%.what is his overall gain or loss.?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Manish purchased an item for Rs.6500 and sold it at a loss of 30 %. From that amount he purchased another item and sold it at profit of 25%.what is his overall gain or loss.?      Log On


   



Question 991075: Manish purchased an item for Rs.6500 and sold it at a loss of 30 %. From that amount he purchased another item and sold it at profit of 25%.what is his overall gain or loss.?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
The amount of his 1st loss is:
+.3%2A6500+=+1950+
The amount of his 2nd gain is:
+.25%2A6500+=+1625+
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This is a net loss of:
+1950+-+1625+=+325+
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The % loss is:
+325+%2F+%28+2%2A6500+%29+=+325+%2F+13000+
+325+%2F+13000+=+.025+
+.025%2A100+=+2.5+
2.5% loss