Question

Mike sold two horses for 18000 each. On one he gained 20% and

on the other he lost 20%. Find his total gain or loss.​

Answer 1

Answer:

no profit or no loss

Step-by-step explanation:

CP of 1 horses =18000 Rs.

profit%=20%

profit%=

cp

sp

1

−cp

×100

→20=

18000

sp

1

−18000

×100

⇒3600=sp

1

−18000

sp

1

=21600Rs.

horse%=

cp

cp−sp

2

×100

⇒20=

18000

18000−sp

2

×100

⇒3600=sp

1

−18000

⇒sp

1

=21600Rs.

horse %=

cp

2

cp−sp

2

×100

⇒20=

1800

18000−sp

2

×100

⇒sp

2

=14400

SP=SP

1

+SP

2

=360000=CP of 2 horses

∴ No profit or loss.

Answer 2

Answer Expert Verified

Mike sold two horses for ₹18000 each. Cost Price is greater than the selling price. Therefore, Loss. = 4.16 % approx.