Question

A horse and a cow were sold for $Rs.49,500$ each. The horse was sold at a loss $10\%$and cow at a gain of $10\%$. The entire transaction resulted in?

Answer 1

Given each S.P of cow and horse $=Rs.49,500$
Let the cost price of Horse be $H$ and cost price of Cow be $C$.
Since, $10\%$ loss on horse then cost price
$C=\frac{100}{90}\times 49,500$
$=10\times 5500$
$=Rs.55000$
Thus, Loss$=55000-49500=5,500$Rs.
Since, $10\%$ gain on Cow
So, $H=\frac{100}{110}\times 49,500$
$=10\times 4500$
$=Rs.45000$
Thus, profit$=49,500-45000=4,500$Rs.

Since, loss$>$ profit

Net Loss $=5,500-4,500=Rs.1000$
Hence, net loss$=Rs.1000$