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?
Answers
Answer:
Step-by-step explanation:
Answer: 2.43%
Explanation:
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%