Example 102: A man bought a horse for a certain
sum and sold it at a loss of 8% on his outlay. If he had
received 1800 more, then he would have gained
141/2 % on his outlay. What did the horse cost?
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Step-by-step explanation:
let the cp be 100x
on loss of 8%, sp = 92x
if he gets gain of 14½ sp= 114½x
more money he recieved = 1800
a/q
114½x-92x= 1800
22½x=1800
45x/2=1800
45x= 3600
x= 80
cp is 100x
100×80=8000
hence cost price of horse is 8000
#666
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