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Maths Puzzle
Rambali bought 2 cows and 1 buffalo. The ratio of the prices at which he bought a cow and a buffalo is 1: 3. He marked up the price of each cow and the buffalo by 20 % and 40 % respectively. He gave a discount of 40 % and 25 % on the sale of each of the two cows and the buffalo respectively. What is his overall profit/loss on this transaction?
A. 6.4 % Loss
B. 2.4 % Profit
C. 6.4 % Profit
D. 9.6 % Loss
E. 8.2 % Loss
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