a milkman sold two of his buffaloes for rippers 20000each. On one he made a gain of 5 percent and on other a loss of 10 percent. Find his overall gain or loss

Asked by drnakulrana | 31st Jan, 2020, 10:32: PM

Expert Answer:

Let the cost price of one buffalo is Rs. x and that of the other buffalo be Rs. y
S.P. of 1st buffalo = Rs. 20000
i.e. x + 5% of x = 20000
i.e. x = 19047.61
Therefore, cost price of 1st buffalo is Rs. 19047.61
S.P. of 2nd buffalo = Rs. 20000
i.e. y - 10% of x = 20000
i.e. y = 22222.22
Therefore, cost price of 2nd buffalo is Rs. 22222.22
Cost price of both the buffalos = 19047.61+22222.22 = Rs. 41269.83
Selling price of both the buffalos = Rs. 40000
Overall loss = Rs. 1269.83

Answered by Renu Varma | 5th Feb, 2020, 11:09: AM