A Woman Bought a Used Car for Rs. 60,000/- and sold it a friend for Rs. 80,000/.
She later bought it back for Rs.. 1,00,000/- and resold it for Rs. 1,20,000/-.
Did she make any profit and if so, how much..?
At FIRST glance it appears she made a profit of Rs. 20,000, however this is not the case.
She made a total profit of Rs. 40,000/- since she made
Rs. 20,000/- profit each TIME she sold the car.