Question

A farmer buys a tractor for Rs. 70000 and after using it for

some time , he sells it at a loss of 5% to another farmer. He also

sells it after an year to the third farmer at a loss of 10%. Find

the price paid by the 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

Soln:- for 1st farmer

S.P=C.P(1-loss℅/100)
=70000(1-5/100)
=70000(19/20)
=66500

for second farmer

S.P=C.P(1-loss℅/100)
=66500(1-10/100
=66500(9/10)
=59850

So the third farmer had to pay Rs 59850