Question

A farmer buys a cow for Rs 6000 and after 6 months sells it for Rs 7200. During this period , the cow ate fodder worth Rs 700 per month . Calculate his profit or loss percentage on hos initial investment of Rs 6000

Answer 1

33.33percent is the answer I think

Answer 2

Sp, =7200
Cp, =6000+700×5
=9500

CP - SP = LOSS
9500 - 7200 =2300

LOSS %=LOSS÷CP×100

2300 ×100
= -------------
9500

Loss% = 65.71%