Question

Meera bought two cows for Rs 10000. If she sold one at a loss of 30% and other at a profit of 30% and then she found that each cow was sold for the same price, find the percentage of profit or loss in whole transaction.

Answer 1

Answer:

Gain of 0.5 percent.

Step-by-step explanation:

CP of cow 1 = Rs. 15000

Gain = 6 percent = 6/100 * 15000 = 900 rupees

SP = 15,900 rupees

CP of cow 2 = Rs. 15000

Loss = 5 percent = 5/100 * 15000 = 750 rupees

So, SP = 14,250 rupees

So, total CP = 30000 rupees

Total SP = 30150 rupees

So, gain = 150 rupees

So, gain percent = 150/30000 * 100 = 1/2 percent = 0.5 percent

       Answer : Gain of 0.5 percent