Advertisements
Advertisements
Question
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)
Advertisements
Solution
S.P. of each buffalo = Rs 20000
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 = Rs `(20000 xx 100/105)` = Rs 19,047.62
Also, the second buffalo was sold at a loss of 10%.
This means if C.P. is Rs 100, then S.P. is Rs 90.
∴C.P. of other buffalo = Rs `(20000 xx 100/90)` = Rs 22222.22
Total C.P. = Rs 19047.62 + Rs 22222.22 = Rs 41269.84
Total S.P. = Rs 20000 + Rs 20000 = Rs 40000
Loss = Rs 41269.84 − Rs 40000 = Rs 1269.84
Thus, the overall loss of milkman was Rs 1,269.84.
RELATED QUESTIONS
Jasmine allows 4% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a shirt for her marked at Rs 850?
The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was.
| Cost Price (in Rs.) |
Selling Price (in Rs) |
Profit or Loss | How much? |
| 1000 | 920 |
Using the figures given below, frame problems based on profit percent or loss percent.
Cost price ₹ 8600, transport charges ₹ 250, porterage ₹ 150, selling price ₹ 10000
Find the unknowns x, y and z.
| Name of the item | Marked Price | Selling Price | Discount |
| Book | ₹ 225 | x | 8% |
A shopkeeper buys three articles for ₹ 325, ₹ 450 and ₹ 510. He is able to sell them for ₹ 350, ₹ 425 and ₹ 525 respectively. Find the gain or loss to the shopkeeper on the whole
A vegetable vendor buys 10 kg of tomatoes per day at ₹ 10 per kg, for the first three days of a week. 1 kg of tomatoes got smashed on every day for those 3 days. For the remaining 4 days of the week he buys 15 kg of tomatoes daily at ₹ 8 per kg. If for entire week he sells tomatoes at ₹ 20 per kg, then find his profit or loss for the week
The women of Meenkar Bank also want to start a factory to dry fish. The Panchayat has given them some land for that. Over the years they have saved Rs 74,000. They find out how much they will need for the factory.
Fazila writes the things they need to buy to begin. See the table for the cost of each item and the number of items they want to buy. Find the total cost.
| Item | Price of each | Number of items | Cost |
| Borewell for freshwater | Rs 3000 | 1 | |
| Bamboo rack for fish drying | Rs 2000 | 20 | |
| Cement tank | Rs 1000 | 4 | |
| Tray and knife | Rs 300 | 20 | |
| Bucket | Rs 75 | 20 |
Total cost to set up the factory = ______
When fresh fish is dried it becomes `1/3` its weight.
In one month they plan to dry 6000 kg of fresh fish.
How much-dried fish will they get in a month?
Avinash bought an electric iron for Rs 900 and sold it at a gain of 10%. He sold another electric iron at 5% loss which was bought Rs 1200. On the transaction he has a ______.
What price should a shopkeeper mark on an article that costs him Rs 600 to gain 20%, after allowing a discount of 10%
Sonal bought a bed sheet for ₹ 400 and sold it for ₹ 440. Her ______ % is ______.
