Sunny has a dairy farm. He sold two buffaloes for rupees ₹60000 each. he sold one at a gain of 30% and other at a loss of 10% find the loss or gain percent on the whole transaction
Answers
Solution :
SP 1= 60000 = 1.3(CP1) (profit of 30%)
CP1 = 46153.84615
SP2 = 60000 = 0.9(CP) (loss of 10 %)
CP2 = 66666.66667
total CP = CP1 + CP2 = 112820.5128
total SP = 120000
Profit = SP - CP = 7179.4872 profit
profit% = (profit/CP) * 100
= (7179.4872/112820.5128) * 100
= 6.363636% profit
Hope that helps!!
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The answer is Gain percentage 6.3636%
Given: Sunny sold two buffaloes for Rs 60000 each
He gained 30% on one buffaloe
He lost 10% on another buffaloe
To find: Gain or loss on the whole transaction
Solution: On first buffalo
Selling price = Rs 60000
Gain percentage = 30%
Assume that cost price of buffaloe is 100 then if we get 30% gain then the selling price of buffalo = 100+30 =130
⇒ 100 : 130 = C.P of Buffalo : 60000
⇒ C.P = = 46153.84
⇒ The cost price of buffalo = 46153.84
On second buffaloe
Selling price = 60000
Loss percentage = 10%
Assume that cost price of buffaloe is 100 then if we loss 10% the selling price of buffalo = 100 - 10 = 90
⇒ 100 : 90 = C.P of buffalo : 60000
⇒ C.P = = 66666.66
Therefore,
Cost price of both buffaloes = 46153.84 + 66666.66 = 112820.50
From data Selling price = 2 × 60000 = 120000
Here Cost price ∠ Selling price
Profit = 120000 - 112820.50 = 7179.50
⇒ profit percentage = Profit/Cost Price × 100
⇒ = 6.3636
⇒ Sunny will gain 6.3636% on whole transaction
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