Question

A trader sells two bullocks for rs. 8,400 each, neither losing nor gaining in total. if he sold one of the bullocks at a gain of 20%, the other is sold at a loss of

Answer 1

I don't know sorry it's for a little points for my question

Answer 2

Given that in the overall selling there was neither a loss or a gain then it means the selling price equals to the buying price.

The buying price for each bullock was :

8400/2 = 4200

The one sold at a gain was sold at :

1.20 × 4200 = rs 5040

The selling price for the one sold at a loss was thus :

8400 - 5040 = 3360

The loss will be given by :

Buying price = 4200

Selling price = 3360

loss = 4200 - 3360 = 840

840/4200 × 100% = 20%

The other one was sold at a loss of 20%