Question

warbor sold two horses for Rs 18000 each. on one he got a profit of 20% and on the other he lost 20%. find his total gain or loss.

Answer 1

S.p=18000 gain 20%
C.P 15000
Sp 18000 loss 20%
Cp 22500
Total cp 37500
Total sp 36000
Loss 1500
Loss% = 4%

Answer 2

Let the C.P. of the horse be x
On one, he got a profit of 20%
So, x+(20x/100)= 18000
x= 15000
So, the C.P. of first horse is 15000
On one, he lost 20%
So, x-(20x/100)= 18000
x= 22500
Total S.P. of two horses= 18000+18000= 36000
Total C.P. of two horses= 22500+15000= 37500
As the C.P. is greater than S.P., it is a loss
Loss= C.P.-S.P.= 37500-36000= 1500
Loss%= (Loss/C.P.)*100= (1500/37500)*100= 4%
So, there is a loss of 1500 rs or 4%.