Question

A man buys two goats at Rs.120 each.He sells on at 25% gain and the other at 25% loss.How much is his profit or loss?​

Answer 1

ANSWER: Neither profit nor loss

STEP BY STEP EXPLANATION:

Cost price of 2 goats are =₹120

Therefore cost price of a single goat is ₹60

25%of 60)=(25÷100)×60

=60÷4

=15

The selling price of goat at 25%gain=60+15=75

The selling price of goat at 25%loss=60-15=45

Total selling price =75+45=120

cost price =selling price

... Therefore there is no gain and no loss