Question 42

Maninder bought two horses at Rs.40,000 each. He sold one horse at 15% gain, but had to sell the second horse at a loss. If he had suffered a loss of Rs. 3,600 on the whole transaction,then the selling price of the second horse is

Solution

Maninder bought two horses at Rs.40,000 each.

cost price of 2 horses = 80000

sold one horse at 15% gain,

SP of 1 horse = $$ 40000 \times \frac{115}{100} = 46000 $$

SP of 2nd horse = x

total SP = 46000 + x

loss = 3600

CP - SP = LOSS

80000 - 46000 - x = 3600

34000 - x = 3600

34000 - 3600 = x

x = 30400

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