Question

John bought two horses at ruppees 20,000 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 ruppees1800 on the whole transaction, find the S.P of second horse

Answer 1

CP of first horse =20000
gain on first horse=15%

SP of first horse= (100+15%)20000/100
=115×20000/100
=115×200
=23000
CP of second horse =20000
Loss on second horse is ?
SP of second horse is ?

now,
CP of both horses=40000
let SP of second horse Be X
so SP of both horses 23000 + x

if there is loss of 1800
then,
23000+x=40000-1800
x=38200-23000
x=15200
then SP of second ho
rse is 15200


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