Q. 74.1( 365 Votes )

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. (Hint: Find CP of each)

Answer :

Given:
S.P. of each buffalo = Rs.20,000

S.P. of two buffaloes = Rs 40000

One buffalo is sold at 10% loss.


 C.P. of one buffalo which i sold at a loss of 10% = 

=
=
= Rs. 22222.22


Another buffalo is sold at 5% gain.


C.P. = 
=
=
= Rs. 19047.62


Total C.P. = Rs.19,047.62 + Rs.22,222.22


= Rs.41,269.84


Since C.P. >S.P.


Therefore here it is loss.


Loss = C.P. – S.P.


= Rs.41,269.84 – Rs. 40,000.00 = Rs.1,269.84

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Quiz | Comparing QuantitiesQuiz | Comparing QuantitiesQuiz | Comparing Quantities30 mins
Quiz |  Calculating Compound Interest Really Compound?Quiz |  Calculating Compound Interest Really Compound?Quiz | Calculating Compound Interest Really Compound?46 mins
Foundation | Direct & Inverse ProportionsFoundation | Direct & Inverse ProportionsFoundation | Direct & Inverse Proportions57 mins
Quiz | Comparing QuantitiesQuiz | Comparing QuantitiesQuiz | Comparing Quantities47 mins
One Step Ahead of Simple InterestOne Step Ahead of Simple InterestOne Step Ahead of Simple Interest44 mins
Make a Solid Grip on RatiosMake a Solid Grip on RatiosMake a Solid Grip on Ratios36 mins
Quiz | PercentageQuiz | PercentageQuiz | Percentage35 mins
Ratio and PercentageRatio and PercentageRatio and Percentage28 mins
Quiz | Simple & Compound InterestQuiz | Simple & Compound InterestQuiz | Simple & Compound Interest35 mins
Quiz | Deciding the Business Future with Profit and LossQuiz | Deciding the Business Future with Profit and LossQuiz | Deciding the Business Future with Profit and Loss54 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses