Question

Mike sold two horses for ₹18,000 each . On one he got a profit of 20% and on the other he lost 20% .Find his total gain or loss.​

Answer 1

Answer:

Total loss= 4%

Step-by-step explanation:

Answer 2

Answer :

$\textbf{\underline{\underline{In\:First\:Case :}}}$

Selling Price of Horse = Rs 18,000

Gain = 20%

$\sf \: Cost \: Price = \dfrac{18000 \times 100}{100 + 20}$

$\sf \: Cost \: Price = \dfrac{18000 \times 100}{120}$

$\sf \: Cost \: Price = \dfrac{1800000}{120}$

$\sf \: Cost \: Price = \boxed{Rs \: 15000}$

$\textbf{\underline{\underline{In\:Second\:Case :}}}$

Selling Price Of Horse = Rs 18000

Loss = 20%

$\sf \: Cost \: Price = \dfrac{18000 \times 100}{100 - 20}$

$\sf \: Cost \: Price = \dfrac{18000 \times 100}{80}$

$\sf \: Cost \: Price = \dfrac{1800000}{80}$

$\sf \: Cost \: Price = \boxed{Rs \: 22500}$

Total Selling Price = Rs 18,000 + Rs 18,000 = Rs 36,000

Total Cost Price = Rs 15000 + Rs 22500 = Rs 37,500

Cost Price is Greater Than Selling Price

Thus,He creates a loss

Loss = Rs 37,500 - Rs 36,000

Loss = Rs 1500