Question

Fazyab bought a buffalo for Rs.10000 and a cow for
Rs.7500. He sold the buffalo at a loss of 12% and
the cow at a gain of 20%. Find his total gain or loss %.
​

Answer 1

Answer:

Profit percent=1.71%

Step-by-step explanation:

Cost of buffalo= Rs. 10000

Cost of cow= Rs. 7500

Thus, Total CP= 10000+7500= Rs. 17500

Selling price of buffalo,

12%=[(CP-SP)/CP]*100

CP-SP=(12*CP)/100

CP-SP=(12*10000)/100

CP-SP=1200

So, SP=CP-1200=10000-1200= Rs. 8800

Now, in the same way, we'll calculate the SP of cow,

20%=[(SP-CP)/CP]*100

SP=[(20*CP)/100]+CP

SP=[(20*7500)/100]+7500

SP=(20*75)+7500

SP=1500+7500= Rs. 9000

Therefore,

Total selling price= 8800+9000= Rs. 17800

Since, Total SP>Total CP

Profit=SP-CP= 17800-17500= Rs. 300

Therefore,

Profit percent=(P/CP)*100

=(300/17500)*100=300/175=1.71%