A farmer sold 2 bullocks for rs24000 each on one bullock he gained 25% and on the other he lost 20% find his total profit or loss percent
Given: A farmer sold 2 bullocks for rs24000 each on one bullock he gained 25% and on the other he lost 20%
To do: Find total profit or loss percent.
Answer:
S P of one bullock = 24000
profit % = 25
C P of bullock = $\frac{100 \times SP}{(100 + 25)} = 100 \times \frac{24000}{125} = 19,200$
S P of one bullock = 24000
loss % = 20
C P of bullock = $\frac{100 \times SP}{100 - 20} = 100 $\times\frac{24000}{80}$= 30,000
Total CP = $19,200 + 30,000 = 49,200$
Total SP = $24000 + 24000 = 48000$
Total SP < Total CP as 48000 < 49,200
So there is loss = $49,200 - 48,000$= 1,200
% Loss = $\frac{Loss }{Total CP} \times$ 100 = $\frac{1200}{49200} \times 100$ = 2.44%
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