A man buys two goats at rs.120 each. He sells one at 25% gain and the other at 25% loss how much is his profit or loss?
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Answer:
Neither profit nor loss
Step-by-step explanation:
Cost price of 2 goats is = 120
Therefore cost price of a single goat = 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
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