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A person sold two cows each for ₹ 9900. ...

A person sold two cows each for ₹ 9900. If he gained `10%` on. one and lost `20%` on the other, then which of the following is true?

A

He gained ₹ 200

B

He'lost ₹ 200

C

He neither gained nor lost

D

None of the above

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to calculate the cost price of each cow based on the selling price and the profit/loss percentages. ### Step 1: Calculate the Cost Price of the First Cow The first cow is sold at a profit of 10%. Let the cost price of the first cow be \( CP_1 \). Given: - Selling Price (SP) of the first cow = ₹ 9900 - Profit = 10% Using the formula for selling price: \[ SP = CP + \text{Profit} \] We can express the profit in terms of cost price: \[ \text{Profit} = \frac{10}{100} \times CP_1 = 0.1 \times CP_1 \] Thus, we can rewrite the selling price equation as: \[ 9900 = CP_1 + 0.1 \times CP_1 \] \[ 9900 = 1.1 \times CP_1 \] Now, we can solve for \( CP_1 \): \[ CP_1 = \frac{9900}{1.1} = 9000 \] ### Step 2: Calculate the Cost Price of the Second Cow The second cow is sold at a loss of 20%. Let the cost price of the second cow be \( CP_2 \). Given: - Selling Price (SP) of the second cow = ₹ 9900 - Loss = 20% Using the formula for selling price: \[ SP = CP - \text{Loss} \] We can express the loss in terms of cost price: \[ \text{Loss} = \frac{20}{100} \times CP_2 = 0.2 \times CP_2 \] Thus, we can rewrite the selling price equation as: \[ 9900 = CP_2 - 0.2 \times CP_2 \] \[ 9900 = 0.8 \times CP_2 \] Now, we can solve for \( CP_2 \): \[ CP_2 = \frac{9900}{0.8} = 12375 \] ### Step 3: Calculate Total Cost Price and Total Selling Price Now we can calculate the total cost price and total selling price of both cows. Total Cost Price (CP) = \( CP_1 + CP_2 = 9000 + 12375 = 21375 \) Total Selling Price (SP) = \( 9900 + 9900 = 19800 \) ### Step 4: Calculate Overall Profit or Loss Now we can determine if there was an overall profit or loss: \[ \text{Total Profit or Loss} = \text{Total Selling Price} - \text{Total Cost Price} \] \[ \text{Total Profit or Loss} = 19800 - 21375 = -1575 \] Since the result is negative, it indicates a loss. ### Conclusion The person incurred a loss of ₹ 1575. ---
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