Question

a farmer buys atractor for rupees 70,000 and after using it for some time he sells it at a loss of 5% paid 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 form

Answer 1

ANSWER:

59 850 rupees

.

EXPLANATION:

Original Price = 70 000 Rupees

.

Find selling price with a loss of 5%:

Loss of 5% = 5% x 70 000 = 0.05 x 70 000 = 3500 rupees

Selling Price (with 5% loss) = 70 000 - 3500 = 66 500 rupees

.

Find selling price with loss of 10%:

Loss of 10% = 10% x 66 500 = 0.1 x 66 500 = 6 650 rupees

Selling Price (with loss of 10%) = 66 500 - 6550 = 59 850 rupees

.

The price paid was 59 850 rupees