A trader sales two horses, each for 1,955. On the sale of one horse he gets a profit of 15%
and on the sale of second horse he has a loss of 15%. Find out the total amount of profit or
loss. Find the percentage profit or loss on the whole.
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Answer:
Rs - 90
Step-by-step explanation:
Cost Price of first horse sold for Rs 1955 and making a profit of 15% =(1955×100)/115= Rs 1700
Cost Price of second horse sold for Rs 1955, incurring a loss of 15% = (1955× 100)/85 = Rs 2300.
Total cost Price of the two horses = Rs 1700 + Rs 2300 = Rs 4,000/
Total sale price of the two horses = Rs 1955 × 2 = Rs 3910
Loss on the deal = Cost Price -Sale Price = Rs 4000 - Rs 3910 = Rs 90.
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