A horse trader sold two of his horses for ₹ 30000 each one he made a profit of 8% and on the other a loss of 12%. Find his overall gain or loss.
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Answer:
Overall loss of Rs. 1200
Explanation:
By unitary method:
Amount of first horse = (108/100)*30000
= 32400
Therefore he made profit of Rs. 2400 by selling first horse
Amount of second horse = (88/100)*30000
= 26400
Therefore he faces loss of Rs. 3600 by selling second horse
Therefore overall gain/loss = +2400-3600 = -1200
Answer => The trader faced a loss of Rs. 1200
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