At a village trade fair a man buys a horse and a camel together for Rs 51,250. He sold the horse at a profit of 25 % and the camel at a loss of 20 %. If he sold both the animals at the same price, then the cost price of the cheaper animal was Rs ____________.
Let C.P of horse be a and C.P of camel be b
we get a+b =51,250 Â Â (1)
Now s.p of camel =0.8b and S.P of horse = 1.25a
it is given that 1.25a =0.8b
we get 1.25a-8b=0 Â Â (2)
Solving 1 and 2 we get cost prices as 20,000 and 31,250
so cost price for cheaper =20,000
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