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    Question

    A man buys a machine for Rs. 5,000. After one year, he

    sells it for Rs. 6000. After two years, again he buys the same machine at Rs.8,000 and sells it for Rs. 10,000. Find his overall profit percentage for both the transactions.
    A 20.23% Correct Answer Incorrect Answer
    B 23.08% Correct Answer Incorrect Answer
    C 18.75% Correct Answer Incorrect Answer
    D 15.23% Correct Answer Incorrect Answer

    Solution

    Initial CP = Rs. 5000, initial SP = Rs. 6000 initial profit = 6000 - 5000 = 1000 After 2 years: CP = 8000 and SP = 10000 Profit = Rs. 2000 overall profit% = 3000/13000 × 100 =  23.08%

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