mike sold two horses for Rs. 18000 each. On one he got a profit of 20% and on the other he lost 20%. find his total gain or loss
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S. P of both the horses)=Rs. 18000
Profit on first one =20%
20/100 ×18000
=rs 360
So the C. P of first horse =
18000+360
=rs 18360
Loss on second one =
20/100×18000
=rs 360
So the C. P of second one =18000 - 360
=Rs 17640
Total C. P =
18360 +17640
=Rs 36000
And total S. P =
18000 +18000
=Rs 36000
S. P =C. P it means no profit no loss
Profit on first one =20%
20/100 ×18000
=rs 360
So the C. P of first horse =
18000+360
=rs 18360
Loss on second one =
20/100×18000
=rs 360
So the C. P of second one =18000 - 360
=Rs 17640
Total C. P =
18360 +17640
=Rs 36000
And total S. P =
18000 +18000
=Rs 36000
S. P =C. P it means no profit no loss
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