Question

A milkman sold two of his buffaloes for Rs 30,000 each. On one he made a gain of 5% and on the other a loss of 10%. Find his overall gain or loss.



Profit of 1904.76

Loss of 1904.76

Loss of 1910.76

Profit of 1910.76

Answer 1

Answer:

One made gain of 5%

Second made loss of 10%

Rs 30,000( selling price )

so, to find the overall gain and loss Percent we will find out the c.p( cost price)

C.P =(100/100+gain%)×S.P

(100/100+5%)×30,000

100/105×30,000

C.P = 28571.42

C.P = ( 100/100-loss%)×S.P

(100/100-10)×30,000

100/90×30,000

C.P= 33333.3

Total C.P = 28571.42+33333.3= 61904.72

Total S.P = 30,000+30,000= 60,000

there is a loss of 1904.72

Answer 2

A milkman sold two of his buffaloes for Rs 30,000 each. On one he made a gain of 5% and on the other a loss of 10%. Find his overall gain or loss.



Profit of 1904.76

Loss of 1904.76

Loss of 1910.76

Profit of 1910.76

Answer : Loss of 1904.76