Question

A milkman purchased two cows for ruppees 50, 000. He sold at 1℅ loss and other at 1℅ profit. Find his overall gain and profit​

Answer 1

Answer:

overall gain percent = 1%

overall profit =  ₹500

Step-by-step explanation:

cost price of 2 cows = ₹50,000

cost price of 1 cow = ₹(50000/2) = ₹25000

i) He sold one at 1% loss

loss percent = 1%

CP of cow = ₹25000

therefore, SP of cow   =  ₹    ( 100 - 1 )  x  25000

                                                 100

                                   =     ₹ 24750

ii) He sold one at 1% profit

gain percent = 1%

CP of cow = ₹25000

therefore, SP of cow =   ₹    ( 100 + 1 )  x  25000

                                                  100

                                  =  ₹ 25250

therefore total SP = ₹ (24750 + 25250)

                              = ₹ 50500

iii) his overall gain and profit :

total CP = ₹50000 (given)

total SP = ₹50500 (solved)

since SP > CP, it is profit

therefore, profit  =  SP - CP

                           =   ₹(50500 - 50000)

                           =   ₹500

therefore gain percent =   profit  x  100

                                                   CP

                                      =  500  x  100

                                             50000

                                      =    1%