A horse was sold at 10 percent loss, if it will have sold for 70rupees more, then gain was 4 percent then cost price of the horse will be
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Let cost price be RS x
Then, when sold at 10%loss it's
Selling price =x-10/100×x=9x/10..(I)
And when sold at 4%gain it's selling price=x+4/100×x=26x/25..(ii)
A/q. 9x/10+70=26x/25
x=500
So cost price is RS 500
Then, when sold at 10%loss it's
Selling price =x-10/100×x=9x/10..(I)
And when sold at 4%gain it's selling price=x+4/100×x=26x/25..(ii)
A/q. 9x/10+70=26x/25
x=500
So cost price is RS 500
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Here I solve this question. Answer :500
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