Question

A milkman sold two of his buffaloes of rupees 20000 each. On one he gain 5% and another a loss of 10%. Find his overall loss or gain.

Answer 1

Buffalo = Rs 20000 The milkman made a gain of 5% while selling one buffalo. This means if C.P. is Rs 100, then S.P. is Rs 105. C.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 C.P. is Rs 100, then S.P. is Rs 90. ∴C.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 Ans,- ,the loss of milkman is, Rs 1,269.84.