Question

A milkman sold two of his buffaloes for 20000 each.On one he made a gain of 5% and on the other a loss of 10 %.Find his overall gain gain or loss.

Answer 1

B.P = buying price
S.P = selling price

Sold price for a Buffalo = Rs 20000

>> The milkman made a gain of 5% while selling one buffalo.
This means if B.P. is Rs 100, then S.P. is Rs 105.

B.P. of one buffalo = 2000×100/105= Rs 19,047.62

>> Also, the second buffalo was sold at a loss of 10%.
This means if B.P. is Rs 100, then S.P. is Rs 90.

∴B.P. of other buffalo =2000×100/90= Rs 22222.22

Total C.P. = Rs 19047.62 + Rs 22222.22 = Rs 41269.84

Total S.P. = Rs 20000 + Rs 20000 = Rs 40000

Loss = Rs 41269.84 − Rs 40000 = Rs1269.84

the overall lossloss of milkman = Rs 1,269.84.