A man sold 2 cows for Rs 2000 each, neither losing nor gaining in the deal. If he sold one cow at a gain of 29%, at what % loss did he sell the other cow.
Ans:
Cost Price of 1st Cow = 2000/1.29 = Rs 1550.38
Gain = 2000 - 1550.38 = 449.612
So, loss = 449.612 in the sale of second cow.
So, Cost Price of second cow = 2000+ 449.612 = 2449.612
Loss % = (449.612 / 2449.612) x 100 =18.32%
Ans:
Cost Price of 1st Cow = 2000/1.29 = Rs 1550.38
Gain = 2000 - 1550.38 = 449.612
So, loss = 449.612 in the sale of second cow.
So, Cost Price of second cow = 2000+ 449.612 = 2449.612
Loss % = (449.612 / 2449.612) x 100 =18.32%
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