Question

18. Sheehan and Ilsa purchased one horse each for
the same price. Sheehan sold it for Rs 14880
and lost 7%. At what price should Ilsa sell her
horse so as to earn a profit of 5%.
a) Rs. 2800
b) Rs. 16800
c) Rs. 1600
d) Rs. 18000​

Answer 1

Answer:

b.) Rs 16800

Step-by-step explanation:

Let the cost price of Sheehan horse be 100

Therefore, Loss = 100 - 7% of 100

= 100 - 7

= 93

When selling price is 93, cost price = 100

When selling price is 1 , cost price = 100 / 93

When selling price is 14880, cost price

= 100/93 × 14880

= 16000

Lisa should sell the horse = 16800

so the correct option is (b) Rs 16800