A man bought two horses for Rs. 30000. He sold one at a loss of 15% and the other at a profit of 19%. If the selling price of both horses is the same, what is the cost price of the second horse? MCQ with Answer and Explanation
A man bought two horses for Rs. 30000. He sold one at a loss of 15% and the other at a profit of 19%. If the selling price of both horses is the same, what is the cost price of the second horse?
A. Rs. 17500
B. Rs. 15000
C. Rs. 10000
D. Rs. 12500
Answer: Option D
Solution (By JKSSB Mock Tests)
Let the cost prices be CP1 and CP2. CP1 + CP2 = 30000. Given 0.85 * CP1 = 1.19 * CP2, which simplifies to CP1 / CP2 = 119 / 85 = 7 / 5. The ratio is 7:5. Total parts = 12. 1 part = 30000 / 12 = 2500. CP2 = 5 parts = 5 * 2500 = Rs. 12500.
A man sells an article at a 10% profit. If he had bought it at 20% less and sold it for Rs. 20 more, his profit would have been 40%. Find the initial cost price.
The marked price of a machine is Rs. 3200. Two successive discounts are offered, the first being 10%. If the final selling price is Rs. 2448, find the second discount percentage.
No comments yet. Be the first to start the discussion!