A trader sales two horses. One in 15% gain and another one in 8% loss. He sales the horses for 1440.what are the cost prices of the horses??
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A man sold of two horses for Rs 29700 each.
Cost Price of one horse at 10% loss = (S.P × 100)/(100 - loss)
= (29700 × 100)/(100 - 10)
= 2970000/90
= 33000
Cost Price of other horse at 10% gain = (S.P × 100)/(100 + gain)
= (29700 × 100)/(100 + 10)
= 2970000/110
= 27000
Total cost price of two horses = Rs (33000 + 27000) = Rs 60000
Total selling price of two horses = Rs (29700 + 29700) = Rs 59400
Selling price < Cost Price
Loss = S.P - C.P
= Rs (60000 - 59400)
= Rs 600
Loss % = (loss × 100)/C.P %
= (600 × 100)/60000 %
= 60000/60000 %
= 1 %
Answer : Total loss percent in the transaction = 1%
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