A trader sold two bullocks for Rs 8 400 each neither losing nor gaining in total If he sold one of t...........

Quant (SSC) Profit and loss

A trader sold two bullocks for Rs. 8,400 each, neither losing nor gaining in total. If he sold one of the bullocks at a gain of 20%, then the other is sold at a loss of

20%

18 2/9%

14 2/7%

21%

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Explanation:

Total selling price of two bullocks = 8400 + 8400 = 16800
∴ Cost price of first bullock = 8400 × 100/120 = Rs. 7000
According to the question, there is no profit or loss.
∴ Cost price of second bullock = 16800 – 7000 = Rs. 9800
Selling price of second bullock = Rs. 8400
∴ Loss = 9800 – 8400 = Rs. 1400
∴ Percentage loss on second bullock = 1400/9800 x 100 = 100/7% = 14 2/7%