Question

Q2) A milkman sold two of his buffaloes for Rs. 20000 each. On one he made a gain of 5% and on the other a loss of 10% Find his overall gain or loss.

Answer 1

Answer:

Buffalo = Rs 20000 The milkman made a gain of 5% while selling one buffalo. This means if C.P. is Rs 100, then S.P. is Rs 105. C.P. of one buffalo =2000×100/105= Rs 19,047.62 Also, the second buffalo was sold at a loss of 10%. This means if C.P. is Rs 100, then S.P. is Rs 90. ∴C.P. of other buffalo =2000×100/90= Rs 22222.22 Total C.P. = Rs 19047.62 + Rs 22222.22 = Rs 41269.84 Total S.P. = Rs 20000 + Rs 20000 = Rs 40000 Loss = Rs 41269.84 − Rs 40000 = Rs1269.84 Ans,- ,the loss of milkman is, Rs 1,269.84

Answer 2

Sp of buffalo1 = Rs 20,000

Gain =5%

So, Cost price of buffalo1 =

105

100

×20,000= Rs. 19047.62

SP of buffalo2 = Rs 20,000

Loss =10%

Cost price of buffalo2 =

90

100

×20,000= Rs 22,222.22

Total Cost price = Rs 41269.84

Total selling price = Rs 40,000

Loss = Rs 1269.84