mohan sells a horse at 5% profit if he had bought it 5% less than he had and sold it for 30 less he would have gained 10 % find the cost of the jorse
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Answer:
The cost of the horse is Rs6000
explanation below hope it helps :)
Step-by-step explanation:
Let cost price of the horse be
x
profit
=
5
x
100
=
x
20
Selling price of the horse
=
x
+
x
20
=
21
x
20
If he had bought it 5% less and sold it for Rs.30 less,
cost price
=
95
x
100
=
19
x
20
selling price
=
21
x
20
−
30
Now the gain is 10%. Therefore,
19
x
20
×
110
100
=
21
x
20
−
30
209
x
200
=
21
x
20
−
30
209
x
=
210
x
−
6000
x
=
6000
Cost of the horse = Rs.6000
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