Question

john bought two horses at ₹20000 each he sold one horse at 15% gain but he had to sell other horse at a loss if had suffered a loss of 1800 on the whole transaction find the selling price of the second horse

Answer 1

first horse sold with 15 percent profit
horse 1 =23000
total he bought both horses in 40000
he had lost of 1800 it means
$40000 - 1800 = 38200$
$38200 - 23000 = 15200$
second horse price = 15200

Answer 2

Answer  

Find out the selling price of the second horse .

To prove

As given

john bought two horses at ₹20000 each he sold one horse at 15% gain .

i.e Cost price of a horse = ₹20000

15 % is written in the decimal form.

$= \frac{15}{100}$

= 0.15

Gain on first horse = 15% of  ₹20000

                              = 0.15 × 20000

                             =  ₹3000

Selling price of first horse = cost price + gain

                                           =  ₹20000 +  ₹3000

                                          =   ₹23000

but he had to sell other horse at a loss if had suffered a loss of 1800 on the whole transaction.

let us assume loss in the selling price of horse be x.

Thus

loss = cost price - selling price

x = ₹20000 - selling price

Selling price of the second horse = ₹20000 - x

Total cost price of the two horses = ₹20000 + ₹20000

                                                        = ₹40000

Total selling price of the two horse =  ₹23000 + ₹20000 - x

                                                          = ₹43000 - x

As given

if john suffered a loss of 1800 on the whole transaction .

Loss = cost price of whole transaction - selling price of whole transaction

 ₹1800 = ₹40000 - ₹43000 +  x

₹1800 + ₹3000 = x

₹4800 = x

Put in the

Selling price of the second horse = ₹20000 - ₹4800

                                                      = ₹15200

Therefore the selling price of the second horse is ₹15200 .