A man sells two cows for Rs.15,640 each, gaining 15% on one and losing 15% on the other. Find his total gain or loss.
Answer & explanation
Correct answer: option 1
Selling price of first = Selling price of second
Now ATQ,
For first cow,
If, 115% of CP = 15640
Then, 100% of CP = 13600
For second cow,
If, 85% of CP = 15640
100% of CP = 18400
Total CP= 18400 + 13600= 32000
Total SP = 15640 + 15640 = 31280
Loss = 32000 - 31280 = Rs.720 loss