Question

a farmer buys a tractor for ₹70000 and after using it for some time, he sells it at a loss of 5% to another farmer . he sells it after an year to the third farmer at a loss of 10% . find the price paid by third farmer.

Answer 1

for 1st farmer-
CP = 70000
SP =(95/100)×70000=66500

for 2nd farmer-
CP= 66500
SP=(90/100)×66500=59850

For 3rd farmer -
CP=59850

Answer 2

The price paid by the third farmer is Rs. 59850.

Given: A farmer buys a tractor for ₹70000 and after using it for some time, he sells it at a loss of 5% to another farmer . he sells it after a year to the third farmer at a loss of 10%.

To Find: The price paid by the third farmer.

Solution:

The cost price of the tractor is = Rs. 70000

The loss percent = 5 %

So, the loss suffered = ( 5 × 70000 ) / 100

                                   = Rs. 3500

The cost price of the second farmer = Rs. ( 70000 - 3500 )

                                                             = Rs. 66500

The loss percent in the second case = 10 %

So, the loss suffered in the second case = ( 10 × 66500 ) / 100

                                                                   = Rs. 6650

The cost price of the third farmer = Rs. ( 66500 - 6650 )

                                                        = Rs. 59850

Hence, the price paid by the third farmer is Rs. 59850.

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