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Question

A farmer bought a buffalo for Rs. 44000 and a cow for Rs. 18000. He sold the buffalo at a loss of 5% but made a profit of 10% on the cow. The net result of the transaction is

(a) loss of Rs. 200
(b) profit of Rs. 400
(c) loss of Rs. 400
(d) profit of Rs. 200

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Solution

The correct option is (c): loss of Rs. 400

For buffalo, CP=Rs. 44000
Loss %=5%
Loss%=LossCP×100%
5=Loss44000×100
Loss=5×440=Rs.2200
So, SP=CPLoss=440002200=Rs.41800
For cow, CP=Rs.18000
Profit %=10%
Profit %=ProfitCP×100%

10=Profit18000×100

Profit =Rs.1800

So, SP=CP+Profit=18000+1800=Rs.19800
Total CP of buffalo and cow =44000+18000=Rs. 62000
Total SP of buffalo and cow =41800+19800=Rs. 61600
Net loss =CPSP=6200061600=Rs.400


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