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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.
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09/08/2021 11:29 am
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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)
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09/08/2021 11:32 am
S.P. of each buffalo = Rs 20,000
The milkman made a gain of 5% while selling one buffalo
This means if C.P. is Rs 100, then S.P. is Rs 105.
C.P. of one buffalo = \(\frac{100}{105}\) × 20000
= 19,047.62
Also, the second buffalo was sold at a loss of 10%
This means if C.P. is 100, then S.P. is 90
∴ C.P. of other buffalo = \(\frac{100}{90}\) × 2000
= 22222.22
Total C.P. = 19047.62 + 22222.22
= 41269.84
Total S.P. = 20000 + 20000
= 40000
Loss = 41269.84 − 40000
= 1269.84
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