Question

A man buys 2 cows at RS 1000. If he sold 1 cow at 20% profit and 2 cow at 20% loss. Find its total profit or loss and profit% or loss%.

Answer 1

he buys 2 for 1000.hence, 1 for 500

20% profit on 1st cow =20/100×500=100

he bought 0ne for 500

he sold 1st on 20% profit i.e. gained 100 extraa: Total price on 1st=600

20% loss on 2nd cow

=20/100×500=100

he sold 2nd on 20% loss i.e. lost 100 : Total price for 2nd=400

Total price for both is=600+400=1000

Hence he got his overall 1000 return.

Therefore his Total profit or loss is 0%