Question

a farmer sells one quintal of rice for rs 924 and earns a profit of 12%.by selling one quintal of wheat for the same amount he loses 12%. find c.p of rise c.p of wheat and gain or loss percent on the whole deal

Answer 1

Sp of 1 Quinta rice-₹924
Profit=12%
Cp=100/112*924=825
Sp of 1 quintal wheat-₹924
Loss=12%
Cp=100/88*924=1050
Total sp =924+924=1848
Total cost price =1050+825=1875
Cp>sp,so loss
=>1875-1848=27ans

Answer 2

Sp of 1 Quinta rice-₹924

Profit=12%

Cp=100/112*924=825

Sp of 1 quintal wheat-₹924

Loss=12%

Cp=100/88*924=1050

Total sp =924+924=1848

Total cost price =1050+825=1875

Cp>sp,so loss

=>1875-1848=27ans