A farmer buys a tractor for rs.70000 and after using it for some time, he sells it at a loss of 5% to another farmer. He also sells it after an year to the third farmer at a loss of 10%. Find the price paid by the third farmer.

Now

Loss:-

Again

Third farmer will pay 58500

Step-by-step explanation:

C.P of the tractor = ₹70,000

Now,

Percentage of Loss suffered by the farmer after selling it to another farmer = 5%

Percentage of Loss suffered by the 2nd farmer while selling it to the 3rd farmer = 10%

Therefore,

Therefore,

Amount of loss suffered by both the farmers

Now,

Therefore,

Price paid by the 3rd farmer to buy the tractor = C.P - loss

So the 3rd farmer will pay ₹59500 to buy the tractor.

Hope it helps you!!

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