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.
Answer (2)
Selling price of 1st buffalo +Selling price of 2nd buffalo=20000 profit for 1st buffalo=0.05 of cost price of 1st buffalo loss for 2nd buffalo=0.1 of cost price of 2nd buffalo 1.05(cost price of 1st buffalo)+(0.9)cost price of 2nd buffalo=20000 the buffalo must cost must be same = x (say) 1.05x+0.9x=20000 1.95x=20000 x=10256.41 2x=20512.82 profit=20512.82-20000=512.82 profit %=2.56410 %
The milkman incurred an overall loss of approximately Rs. 1,269.84 after selling two buffaloes, one at a gain of 5% and the other at a loss of 10%. The total cost price exceeded the total selling price, leading to this loss.
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