A farmer bought two cows for 15,000 each. He
sold one at a gain of 6% and on the other he
incurred a loss of 5%. Find the overall gain or
loss %.(answer is in fraction 1/2)
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Answer:
1st CASE 2ndCASE
CP=15000. CP=15000
SP=_. SP=_
profit=6%. lose=5%
SP=100+G*CP/100. SP=100-L*CP/100
=106*15000/100. =95*15000/100
=15900. =14250
now totol CP=CP 1+CP 2
=15000+15000
=30000
now total SP=SP 1+SP 2
=15900+14250
=30150
difference between total SP-total CP
=30150-30000
=150
so it is profit
G%=gain*100/CP
=150*100/30000
=1/2
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