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The other horse is sold at a loss of 25%
Step-by-step explanation:
IT IS A TRICKY QUESTION
QUESTION SAYS THAT
1 TWO HORSES ARE BOUGHT AT 4000
2IF 1ST ONE IS SOLD AT GAIN OF 25%
3 AND QUESTION IS SAYING THAT AFTER ALL HIS TRANSACTION HE NEITHER GAIN NOR LOOSE
HENCE;THE SIMPLEST ANSWER IS 25%✓✓
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