Question

A milkman sold 2 of his baffaloes for 20000₹ each . on one he gain of 5% and on the other a loss of 10% . find his overall gain or loss.

Answer 1

Given cost of buffaloes = Rs 20000 each
Gain on one buffalo = 5%
Recall selling price,

= Rs 21,000
Loss on second buffalo = 10%
Recall selling price,

= Rs 18,000
Total cost price = Rs 40,000
Total selling price = Rs 21,000 + Rs 18,000 = Rs 39,000
Since total cost price < total selling price, we get a loss
Overall loss = Rs 40000 – Rs 39000 = Rs 1000

Answer 2

•First Buffalo
C.P = 20000 ₹
Profit = 5 %

S.P
= 20000 + (5/100)×20000
= 20000 + 1000
= 21000 ₹
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•Second Buffalo
C.P = 20000
Loss = 10%

S.P
= 20000 - (10/100)×20000
= 20000-2000
= 18000 ₹
_____________________
Total cost price = 40000 ₹
Total selling price = 21000+18000 = 39000₹
Loss = 40000 - 39000 = 1000 ₹

Loss % = (loss amount/C.P)×100
= (1000/40000)×100
= 10/4
= 2.5 %
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