Question

A farmer sold 2 bullock's for ₹24000 each one bullock he gains 25 percent and on the other he lost 20 percent. Find his total profit or loss percent?

Answer 1

Answer:

2.43%

Step-by-step explanation:

Given,

On 1st Bullock He gains 25%,

                      Therefore,

                        Cost Price of the 1st bullock

                      = 24000 * 100/125

                      = 19200

On 2nd Bullock He lost 20%

                                  Cost price of second Bullock

                                     = 24000 * 100/80

                                      = 30000

Total Selling Price for 2 bullocks

                                           = 24000 + 24000

                                           = 48000

 Total cost price of 2 bullocks

                                            = 19200 + 30000

                                             = 49200

We know that,

                                    Loss = CP - SP

                                 = 49200 - 48000

                                 = 1200.

We know that,

                                     Loss% = (Loss/CP) * 100

                                   = (1200 * 100/49200)

                                   = 2.43%

Therefore, Total loss percent of Farmer is 2.43%

Explanation:

In this question, There are given 2 Bullocks which were sold for 24000 each.

On 1 Bullock He gains 25% And,

On 2nd Bullock He lost 20%

                                   

So, First we find the cost price of 1st and 2nd Bullock. Which is 19200 and 30000

And, Later we find the total selling price of 2 Bullocks, which we get 48000.

We do, Loss = C.P - S.P

We get 1200

After that, we get Lost percent as 2.43%