A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20% and the cow at the gain of 20%. The entire transaction resulted in :

a. no loss or gain
b. loss of Rs. 1000
c. gain of Rs. 1000
d. gain of Rs. 2000

• Sp of cow=12000. Sp of horse=12000. Cp of cow=100/120×12000=10000. Similarly for horse cp=15000. Total sp= 24000 and total cp= 25000 loss= 1000
• 7 years agoHelpfull: Yes(3) No(0)
• c) RIGHT ANSWER
  -------------------------
  SP of Horse:12000 LOSS=20%
  SP of Cow:12000 GAIN=20%
  
  CP of Horse=100/80*12000 = 15000
  CP of Cow=100/120*12000 = 10000
  
  Horse=15000-12000=3000(Gain)
  Cow=10000-12000=-2000(Loss)
  
  Entire transaction ::3000-2000 = 1000(Gain)
  
  Thanks!
• 4 years agoHelpfull: Yes(3) No(1)
• loss % = (cp-sp)/ cp
  gain % = (sp-cp)/cp
  for horse loss% is 20%
  from this we can find sp,
  20% = (cp-1200)/cp
  cp= 15000
  loss = 15000-12000=3000
  similarly we calculate cp of cow by
  20% = (12000 -cp)/cp
  cp =10000
  profit = 12000-10000 =1000
  
  total we got loss of 3000-2000 =1000
• 5 years agoHelpfull: Yes(1) No(0)