ramu sold two of his buffaloes for RS.20000 each. on one he made again of 5%and on other a loss of 10%.find his overall Gail or loss ?
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Step-by-step explanation:
sp1 = sp2 = 20000
g1 = 5%, l2 = 10%
gain :
sp = cp(1+g%)
20000 = cp1(1+5%) = 1.05cp1
cp1 = 20000/1.05 = 19,047.62
loss :
sp = cp(1-l%)
20000= cp2(1-10%) = cp2(1-0.1) = 0.9cp2
cp2 = 20000/0.9 = 22222.22
overall profit/loss:
total sp = sp1+sp2 = 20000+20000 = 40000
total cp = cp1 + cp2 = 19047.64+22222.22 = 41269.84
overall loss% = cp-sp/cp *100
= 1269.84/41269.84×100
= 3.08%
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