Question

devesh bought two horses for rs 18500 and 24600. he sold both the horses for rs 17000 and rs 26000 respectively . find his profit or loss percent in all

Answer 1

Answer:

Devesh has made an overall loss of 0.23 per cent

Step-by-step explanation:

For the entire deal of two horses,

Cost price (CP) = 18500 + 24600 = 43100

Selling price (SP) = 17000 + 26000 = 43000

As SP < CP, Devesh has made a loss.

Loss = CP - SP

        = 43100 - 43000

        = 100

Loss% = 100 * (Loss/CP)

           = 100 * (100 / 43100)

           = 10000/43100

           = 100/431

            = 0.23

Loss is 0.23%