A 2 5. A farmer Sold 2 bullocks for F24000 each.on 1 bullock he gained 25% and on the other he lost 2%. Find his total profit or loss percent?
Answers
Answer:
The total profit or loss as a percentage is 5520 / 48000 = 11.5%.
Step-by-step explanation:
To solve this problem, we first need to calculate the profit or loss on each bullock.
For the first bullock, the farmer made a profit of 25/100 * 24000 = $6000.
For the second bullock, the farmer made a loss of 2/100 * 24000 = $480.
The total profit or loss is the sum of the profit or loss on each bullock, which is 6000 - 480 = $5520.
To find the total profit or loss as a percentage, we need to divide the total profit or loss by the total amount of money the farmer received for both bullocks, which was 24000 + 24000 = $48000.
Thus, the total profit or loss as a percentage is 5520 / 48000 = 11.5%.
I hope this helps! Let me know if you have any questions.