A milkman sold two of his buffaloes for 20,000 each. On one he made a gain of 5% and on the other a loss of 10%. Find his overall gain or loss. (Hint: Find CP of each)
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Step-by-step explanation:
Selling price of 1st buffalo = Rs.2000
He made a gain of 5% in 1st buffalo
Cost price of 1st buffalo = (100/105) x 20000 = Rs. 19047.62
Selling price of 2nd buffalo = Rs.20000
He made a loss of 10% in 2nd buffalo
Cost price of 2nd buffalo = (100/90) x 20000 = Rs. 22222.22
Total C.P = 19047.62 + 22222.22 = Rs. 41269.84
Total S.P. = 20000 + 20000 = Rs.40000
Therefore, Loss = 41269.84 – 40000 = Rs.1269.84
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