Question

A milkman sold two of his buffaloes for $Rs20,000$ each. On one he made gain of $5\%$ and on the other a loss of $10\%$. Find his overall gain or loss.

Answer 1

Given S.P of buffalo $=Rs.20,000$
Gain percentage$=5\%$
i.e., Gain$=5\%$ of S.P
$=\frac{5}{100}\times 20,000$
$=5\times 200$
$=1000$
Therefore, gain amount$=1000$

Similar way, loss amount$=\frac{10}{100}\times 20000=2000$
Since, loss$>$gain, so the milk man got loss.

Therefore, amount of overall loss$=2000-1000=1000$
Hence, overall loss$=1000$