A milkman sold 2 of his baffaloes for 20000₹ each . on one he gain of 5% and on the other a loss of 10% . find his overall gain or loss.
A milkman sold 2 of his baffaloes for 20000₹ each . on one he gain of 5% and on the other a loss of 10% . find his overall gain or loss.
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C.P = 20000 ₹
Profit = 5 %
S.P
= 20000 + (5/100)×20000
= 20000 + 1000
= 21000 ₹
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•Second Buffalo
C.P = 20000
Loss = 10%
S.P
= 20000 - (10/100)×20000
= 20000-2000
= 18000 ₹
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Total cost price = 40000 ₹
Total selling price = 21000+18000 = 39000₹
Loss = 40000 - 39000 = 1000 ₹
Loss % = (loss amount/C.P)×100
= (1000/40000)×100
= 10/4
= 2.5 %
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