Question

A milkman sold two of his buffaloes for $Rs.20,000$ each. On one he made a gain of $5$% and on the other a loss of $10$%. Find his overall gain or loss.

Answer 1

Sp of buffalo1 $=$ Rs $20,000$

Gain $=5\%$

So, Cost price of buffalo1 $=\frac{100}{105}\times 20,000=$ Rs. $19047.62$

SP of buffalo2 $=$ Rs $20,000$

Loss $=10\%$

Cost price of buffalo2 $=\frac{100}{90}\times 20,000=$ Rs $22,222.22$

Total Cost price $=$ Rs $41269.84$

Total selling price $=$ Rs $40,000$

Loss $=$ Rs $1269.84$