Gopi bought two horses at rupees 20000 Each he sold one horse at 15% gain but he had to sell the second horse at a loss. if he had suffered a loss of rupees 1800 on the whole transaction find the selling price of II horse
Answers
Answer:
Find the Cost Price of the 2 horse:
one horse = Rs 20,000 (Given)
two horses = 20,000 x 2 = Rs 40,000
Find the total earnings he made:
Loss = Rs 1800 (Given)
Total earnings = 40,000 - 1800 = Rs 38,200
Find the selling price of the first horse:
15% Gain = 15% x 20,000 = 0.15 x 20,000 = Rs 3000
Selling Price = 20,000 + 3000 = Rs 23,000
Find the selling price of the second horse:
Selling price = 38,200 - 23,000 = Rs15200
Answer: The second horse was sold for Rs15,200
Step-by-step explanation:
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Answer:
Profit on first horse = 20,000*15%
15/100 * 20000= Rs. 3000
SP = 23000
Loss on the second horse = x
SP= CP-loss
SP= 20000-x
SP of both = 23000+20000-x
CP of both = 40000
CP-SP=Loss = 1800
40000-(43000-x)= 1800
40000-43000+x=1800
-3000+x=1800
x= 4800
SP= cp-loss
SP= 20000-4800
SP= 15200
He sold second horse for Rs. 15200. 00