Question

Madhav bought two horses at ` 20,000 each. He sold one horse at 15% gain and the second horse at 24% loss. Find his gain or loss percent.​

Answer 1

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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