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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 or loss. (Find CP of each).


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Solution

The selling price of 1st buffalo =20000

He made a gain of 5% in 1st buffalo.

We know : C.P=100100+gain%×S.P

The cost price of 1st buffalo =100105×20000=19047.62

The selling price of 2nd buffalo =20000

He made a loss of 10% in 2nd buffalo.

We know : C.P=100100-loss%×S.P

The cost price of 2nd buffalo =10090×20000=22222.22

TotalC.P.=19047.62+22222.22=Rs.41269.84

TotalS.P.=20000+20000=Rs.40000

If the total cost price is more than the total selling price, then there is overall a loss. So, Loss=CostPrice-SellingPrice

Loss=41269.8440000=Rs.1269.84

Hence, the overall loss is 1269.84.


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