Question

A farmer sold two bullocks for Rs.18000 each. On one bullock he gained 20% and on other, he lost 20% . Find total gain or loss%

Answer 1

Answer:

Step-by-step explanation

1st bullock

Selling Price = Rs. 18,000

Gain % = 20 %

using formula

Cost = (Selling price × 100) ÷ (100+Gain%)

        = (18000 × 100) ÷ (120)

        = 1,800,000÷120

        = 15,000

2nd Bullock

Selling price = Rs. 18000

Loss % = 20%

using formula

Cost price = (Selling price × 100) ÷ (100 - loss%)

                  = (18000 × 100) ÷ (100-20)

                  =1800000 ÷ 80

                  =22500

Total Selling price

1st bullock's Selling Price + 2nd bullock's Selling Price

18000 + 18000

36000

Total Cost price

1st bullock's Cost price + 2nd bullock's cost price

15000+22500

37500

Since Cost price is more than Selling price, it is a loss

Loss = 37500-36000

        =1500

Ans: 1500 loss

loss percentage = loss/ cp * 100

                             =(1500/37500)* 100

                               = 4 %