farmer sold 2 bullcks for 24000 each. On one bullock he gained 25% and on the
other he lost 20%. Find his total profit or loss percent?
Answers
Case 1 : Selling price of 1 Bullock = 24000
Profit% = 25%
Cost price = 100 + profit % × Selling price =
100 + 25 % × 24000 = 100/125 × 24000= 19200
Therefore , the cost price of 1 Bullock = 19200
Case 2 : Selling price of 2 Bullock = 24000
Loss% = 20%
Cost price = 100 - Loss % × Selling price =
100 - 20 % × 24000 = 100/80 × 24000 = 30000
Therefore ,the cost price of 2 Bullock = 30000
The net gain or loss % = Cost price of two Bullocks = 19200 + 30000 = 49200
Selling price of two Bullocks = 24000 + 24000 = 48000
Cost price > Selling price = Loss = Cost price - Selling price
= 49200 - 48000 = 1200
Loss % = 1200 ÷ 49200 × 100 % = 2.43...%
Therefore, the loss % = 2.43 %
Please mark as the Brainist answers