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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
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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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