John bought two horses Rs 2000 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 Rs 1800 on the whole transaction, find the selling price of the second horse.
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2
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
Answered by
1
Answer:
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
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