Question

neera sold two horses for rupee 18000 each on one she got a profit of 20%and on the other she lost 20% ​

Answer 1

Answer:

1st horse was gain of 20% so it was sold for 120% of purchase price:

1.2p = 18000

p = 18000/1.2 = 15000

Horse was bought for 15,000 and sold for 18,000... gain = rs3000

2nd horse was a loss of 20% so it was sold for 80% of purchase price:

0.8p = 18000

p = 18000/0.8 = rs22,500

Bought for 22,500 and sold for 18000... los = rs4,500

On one horse we gained 3000

On the other we lost 4500

We have a net loss of rs1,500