A farmer sold 2 bullocks for 24000 each. On one bullock he gained 25% and
other he lost 20%. Find his total profit or loss percent?
Answers
Answered by
10
Answer:
Total Selling Price for 2 bullocks = 24000 + 24000 = 48000.
Given that, on the 1st bullock, he gains 25%.
Cost Price of the 1st bullock
= 24000 * 100/125
= 19200.
Given that, on the 2nd bullock, he lost 20%.
Cost price of the 2nd bullock
= 24000 * 100/80
= 30000.
Total cost price of 2 bullocks
= 19200 + 30000
= 49200.
We know that Loss = CP - SP
= 49200 - 48000
= 1200.
AND,
Loss% = (Loss/CP) * 100
= (1200 * 100/49200)
= 2.43%
Step-by-step explanation:
Similar questions