Question

a man sold two horses for rs 29700 each . on one he loss 10% while he gain 10% on the other the transaction gives

Answer 1

here is your answer.....

Answer 2

Answer:

The transaction gives 1 % loss.

Step-by-step explanation:

Let x be the the cost price of first horse and y be the cost price of second horse,

Since, there is a loss of 10% in first horse,

So, the selling price of first horse = 90% of x = 0.9x,

Also, there is a profit of 10% in second horse,

So, the selling price of second horse = 110% of y = 1.1y,

According to the question,

0.9x = 29700  and 1.1y = 29700,

⇒ x = 33000 and y = 27000,

Thus, the total cost price = 33000 + 27000 = 60000 rupees,

While, the selling price = 29700  + 29700 = 59400 rupees,

∵ Selling price < cost price,

⇒ There is a loss,

$loss\% = \frac{SP-CP}{CP}\times 100$

$=\frac{59400-60000}{60000}\times 100$

$=\frac{60000}{60000}$

$=1\%$