Question

purchased a calf for 800 and sold it for a profit of 10% and a cow for 1200 and sold it for loss of 8%. what is the percentage of profit or loss?

Answer 1

price of calf = 800

profit = 800 x 10/100 = Rs. 80

Price of cow = 1200

Loss = 1200 x 8/100 = Rs 96

80 is less than 96

So he lost 96-80 = Rs 16 in total transaction

in percentage = 16/(800+1200)   x 100  = 16/2000   x 100 = 0.8%

He lost 0.8% in total transaction