A horse and a cow was sold for Rs. 12,000 each. The horse was sold at

1.	A horse and a cow was sold for Rs. 12,000 each. The horse was sold at loss of 20% and the cow at gain of 20%. The entire transaction has resulted in:1. loss of Rs. 10002. gain of Rs. 20003. loss of Rs. 5004. no loss or no gain
Answer» Correct Answer - Option 1 : loss of Rs. 1000 Given: A horse and a cow was sold for Rs. 12,000 each Horse sold at a loss of 20% Cow sold at a gain of 20% Concept used: Loss = CP - SP Calculation: Let the cost price of the horse be H and that of the cow be C. Horse sold at a loss of 20% ⇒ H × (80/100) = 12,000 ⇒ H = 15,000 The cow sold at a gain of 20% ⇒ C × (120/100) = 12,000 ⇒ C = 10,000 Total CP = H + C = Rs. (15,000 + 10,000) = Rs. 25,000 Total SP = Rs. (2 × 12,000) = Rs. 24,000 Net loss = Total CP - Total SP = Rs. (25,000 - 24,000) = Rs 1000 ∴ Net loss of Rs 1000 in the entire transaction.

A horse and a cow was sold for Rs. 12,000 each. The horse was sold at loss of 20% and the cow at gain of 20%. The entire transaction has resulted in:1. loss of Rs. 10002. gain of Rs. 20003. loss of Rs. 5004. no loss or no gain

Answer» Correct Answer - Option 1 : loss of Rs. 1000

Given:

A horse and a cow was sold for Rs. 12,000 each

Horse sold at a loss of 20%

Cow sold at a gain of 20%

Concept used:

Loss = CP - SP

Calculation:

Let the cost price of the horse be H and that of the cow be C.

Horse sold at a loss of 20%

⇒ H × (80/100) = 12,000

⇒ H = 15,000

The cow sold at a gain of 20%

⇒ C × (120/100) = 12,000

⇒ C = 10,000

Total CP = H + C = Rs. (15,000 + 10,000) = Rs. 25,000

Total SP = Rs. (2 × 12,000) = Rs. 24,000

Net loss = Total CP - Total SP = Rs. (25,000 - 24,000) = Rs 1000

∴ Net loss of Rs 1000 in the entire transaction.

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