Question

a man bought a horse and a carriage for 3000.ho sold the horse at a gain of 20%and the carriage at a loss 10%,thereby gaining 2% on the whole. find the cost of the horse.

Answer 1

Let the C.P of the horse be Rs. x,
then C.P of the carriage =Rs (3000-x) 20% of x-10% of (3000-x) =2% of 3000 ==> x/5-(3000-x)/10=60=.2x-3000+x=600=.3x+3600=>x=1200 ==> hence, C.P of the horse = Rs 1200