Question

A milkman sold two of his buffaloes for Rs 20000 each.on one he made a gain of 5%and on the other loss of 10%.find his overall gain or loss

Answer 1

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SP OF BUFFALOES=40000

$cp = \frac{100 \times sp}{100 + profit\%}$

$\frac{100 \times 20000}{100 + 5}$

$\frac{100 \times 20000}{105}$

SELLING PRICE OF 2nd BUFFALO =20000

$loss = 10\%$

$cp = \frac{100 \times sp}{100 - loss}$

$cp = 2222222$

SELLING PRICE OF BOTH BUFFALOES =

$20000 \times 2 = 40000$

CP OF 1st BUFFALO + 2nd BAFFALOES

$19047.62 + 2222222$

$= 41269.84$
$cp > sp$

$cp - sp$

$41269.84 - 40000$

$= 1269.84$

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