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A farmer bought a buffalo for ₹ 44000 and a cow for ₹ 18000. He sold the buffalo at a loss of 5% but made a profit of 10% on the cow. The net result of the transaction is ______.

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Question

A farmer bought a buffalo for ₹ 44000 and a cow for ₹ 18000. He sold the buffalo at a loss of 5% but made a profit of 10% on the cow. The net result of the transaction is ______.

Options

  • loss of ₹ 200

  • profit of ₹ 400

  • loss of ₹ 400

  • profit of ₹ 200

MCQ
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Solution

A farmer bought a buffalo for ₹ 44000 and a cow for ₹ 18000. He sold the buffalo at a loss of 5% but made a profit of 10% on the cow. The net result of the transaction is loss of ₹ 400.

Explanation:

C.P. of buffalo = ₹ 44000

Loss% = 5%

∴ Loss = `5/100 xx 44000` = 2200

∴ S.P. of buffalo = 44000 – 2200 = ₹ 41800

C.P. of cow = ₹ 18000

Profit % = 10%

∴ Profit = `10/100 xx 18000` = 1800

∴ S.P. of cow = 18000 + 1800 = ₹ 19800

Now, C.P. of both buffalo and cow

= 44000 + 18000

= ₹ 62000

S.P. of both buffalo and cow

= 41800 + 19800

= ₹ 61600

∴ Loss = 62000 – 61600 = ₹ 400

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Chapter 7: Comparing Quantities - Exercise [Page 197]

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NCERT Exemplar Mathematics Exemplar Class 7
Chapter 7 Comparing Quantities
Exercise | Q 12. | Page 197

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