Question

A milkman sold two of his buffaloes for Rs. 20,000 each .on one he made a gain of 5% and on the other a loss of 10% . find his overall gain and loss (Hint: find CP of each).

Answer 1

Answer:

LOSS = 1269.841

Step-by-step explanation:

selling price of each buffalo=20,000

gain=5‰

if C.P=100 then S.P=100+5=105‰

therfore cost price of one buffalo=(20,000×100/105)

                                                       =19047.619

loss=10‰

if C.P=100 then S.P=100-10=90‰

therefore cost price of another buffalo=(20,000×100/90)

                                                               =22222.222

total S.P=20,000+20,000

             =40,000

total C.P=19047.619+22222.222

             =41269.841

total C.P is more then S.P

therfore there is loss =C.P- S.P

                                   =41,269.841- 40,000

                                   =1269.841