Question

By selling a horse for Rs. 200, I lose twice as much as I would have gained had I
sold it for Rs. 275; find the cost price of the horse.​

Answer 1

Loss = Rs.x (let)

Therefore, Profit = Rs.2x

According to the question,

C.P of article = Rs. (8000 + x) or, Rs. (9800 - 2x)

Therefore, 8000 + x = 9800 - 2x

=> 2x + x = 9800 - 8000

=> 3x = 1800

=> x = 18003 = Rs.600

Therefore, C.P. of article

= Rs.(8000 + 600)

= Rs.8600

For a profit of 20%,

S.P. of article = 8600×120100

= Rs. 10320