A farmer buys a goat and a sheep for Rs 3500. He sold the sheep at a profit of 20 percent and the goat at a loss of 10 percent. If he sold both the animals at the same price, then the cost price (in Rs) of the cheaper animal was?
Let CP of sheep = x
then, CP of goat = 3500 - x
He sold the sheep at a profit of 20 percent and the goat at a loss of 10 percent and sold at the same price
SP of sheep = SP of goat
$$\frac{100+20}{100}\times x = \frac{100-10}{100}\times (3500-x)$$
$$\frac{120}{100}\times x = \frac{90}{100}\times (3500-x)$$
$$1.2\times x = 0.9\times (3500-x)$$
$$x = 1500$$
CP of sheep = x = 1500
then, CP of goat = 3500 - x = 3500 - 1500 = 2000
CP of cheaper = 1500/-
SO the answer is option B.
Create a FREE account and get: