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Educational materials for IPMAT and IIMB UG preparation
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6Ā years, 8Ā months ago
4Ā years, 9Ā months ago
Answer:
Step-by-step explanation:
Given : A man purchase 5 horses and 10 cows for rs10000. He sells the horses at 15% profit and the cows at 10% loss. Thus , he gets rs375 as profit. Find the cost of 1 horse and 1 cow.
Ā Let the cost of one horse be equal to p
Ā Now selling price = p(100 + 15)/100 = 115/100 and selling price of each cow will be Ā (100 ā 10) /100 = 90/100
Now selling price will be Ā
Ā 5 p(115/100) + (10,000 ā 5 p)(90 /100) = 10375
Ā 125 p = 1,37,500
Ā P = 1,37,500 / 125
Ā P = Rs 1100
Now cost of one horse = Rs 1100 Ā
cost of one cow will be
Ā 10000 ā 5 x 1100 / 10
Ā Ā = Rs 450
So the cost of 1 horse and 1 cow will be Rs 1100 and Rs 450
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