Question

a man sold two horses at 2970 rupees one at 10% profit and other at a loss of 10%.find his total gain or loss

Answer 1

Answer:

the profit is equal to=3267 rs

the loss is equal to= 2673 rs

Step-by-step explanation:

take 10÷100×2970

in which we get 297 and withe the 297 we must add it with 2970 in which we get 3267 rs and to get the loss amt we mus subtract 2970 with 297 in which the loss is 2673 rs

Answer 2

Answer:

Step-by-step explanation:

SP of horse =rs.2970

Profit=10%

CP=100*SP/100+gain percent

CP=100*2970/110=Rs.2700

Then,

SP of horse=Rs.2970

Loss=10%

CP=100*SP/100- loss percent

CP=100*2970/90=3300

SO, total SP=2970+2970=Rs.5940

Total CP=2700+3300=Rs.6000

Here CP is greater than SP so there is loss.

Loss=CP-SP

=6000-5940=Rs.60

Hence the total loss is rupees 60.

In the question it is not asked to find the loss or gain percent but if you want to find then the formula is written after this:-

Loss=loss*100/CP

=60*100/6000=1%

Hence total loss percent is 1%