A ranching company bought 200 goats at 1000 each. later 40 goats died and the company sold the remaining goats at 1200 each. What is the percentage loss made by the company?
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Question: A ranching company bought 200 goats at ₹1000 each. Later 40 goats died and the company sold the remaining goats at 1200 each. What is the percentage loss made by the company?
4 %
Step by step explanation:
Total Cost of 200 goats at ₹1000 each = 200×1000 = ₹200000 .
Remained goats = 200 - 40 = 160 goats.
Total selling price of 160 goats at ₹1200 each = 160 × 1200 = ₹192000
Total Loss = 200000 - 192000
₹8000
Loss percent = × 100
× 100
4 % .
Hence total loss percent = 4 % .
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