A horse and a cow were sold for 12000 each. The horse was sold
loss of 20% and the cow at a gain of 20 %. Find the gain or loss *percentage* in the whole transaction.
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Answer:
Step-by-step explanation:
Selling price of horse= Rs. 12,000
Cost price of horse which was sold at a loss of 20%=12000/80*100=Rs 15000
Selling price of cow = 12,000
Cost price of cow which was sold at a gain of 20% = 12000/120*100=Rs 10000
Total selling price of horse and cow = 12000+12000 = Rs 24000
Total cost of horse and cow = 15000+10000 = Rs 25000
∴ Loss of transaction = (25000–24000) = Rs. 1000
The entire transaction resulted in loss of 10%
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