A farmer sold 2 bullocks for $24000 each. On one Bullock he gained 25%and on the other he lost 20% find his total profit or loss percentage?
Answers
cp1 = 24000
cp2 = 24000
sp1 = cp × (100+profit)/100
= 24000×125/100
=28800
sp2 = cp × (100-loss)/100
=24000 × 80 /100
=19200
total cp = 24000+24000
=48000
total sp = 28800+19200
=48000
=> no profit no loss
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%