Profit and Loss Practice Test 10

Question : 28 of 28

Marks: +1, -0

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

Solution:

Loss %

=(20/10)^2=4%

Total S.P. = Rs. 24000
and Total C.P.

=100/96×24000=25000

∴ Loss = Rs. (25000 – 24000) = Rs. 1000

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