Question
A farmer sold two cows, each for ₹45,000. He made a
12.5% profit on the sale of one cow but incurred a 16(2/3)% loss on the sale of the other. Calculate the overall profit or loss for the entire transaction.Solution
Given, selling price of each cow = Rs. 45,000 So, profit on the cow which is sold at 12.5% profit = 45000 X (1/9) = Rs. 5,000 So, loss on the cow which is sold at 16(2/3)% = 45000 X (1/5) = Rs. 9,000 Therefore, overall loss = 9,000 - 5,000 = Rs. 4,000
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