Question

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

Answer 1

Cost price of $1st$ buffaloe.

$=20,000\times 100÷105$ as 5% gain

$=Rs.1907.61$

Cost price of $2nd$ buffaloe.

$=20,000\times 100÷90$ as 10% loss

$=22222.22$

Total $C.P=19047.61+22222.22$

$=Rs.41269.84$

Total $S.P=Rs.40,000$

Overall loss $=C.P-S.P$

$=Rs.41,269.84-Rs.40,000$

$=Rs.1269.84$

Therefore$,$ the milkman has a loss of $Rs.1269.84$.