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?

∵ Loss% = (20/10)2 = (2)2 = 4% ⇒ Total S.P. = Rs. 24000 ⇒ Total C.P. = Rs. (100/96) x 24000 = Rs. 25000 ∴ Loss = Rs. 1000

Correct Answer: Loss of Rs . 1000

Explanation:

∵ Loss% = (20/10)² = (2)² = 4%
⇒ Total S.P. = Rs. 24000
⇒ Total C.P. = Rs. (100/96) x 24000 = Rs. 25000
∴ Loss = Rs. 1000

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