A milkman sold two of his buffaloes for Rs 20000 each.On one he made a gain of 5% and on the other a loss of 10%.Find his overall gain or loss.(Find CP of each).
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buffalo = Rs 20000 The milkman made a gain of 5% while selling one buffalo. This means if C.P. is Rs 100, then S.P. is Rs 105. C.P. of one buffalo =2000×100/105= Rs 19,047.62 Also, the second buffalo was sold at a loss of 10%. This means if C.P. is Rs 100, then S.P. is Rs 90. ∴C.P. of other buffalo =2000×100/90= Rs 22222.22 Total C.P. = Rs 19047.62 + Rs 22222.22 = Rs 41269.84 Total S.P. = Rs 20000 + Rs 20000 = Rs 40000 Loss = Rs 41269.84 − Rs 40000 = Rs1269.84
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