A trader buys two horses for Rs. 19500. He sells one at a 20% loss and the other at a 15% profit. If the selling price of both horses is the same, find the cost price of the horse sold at a loss. MCQ with Answer and Explanation

Question

Share Report Error

A trader buys two horses for Rs. 19500. He sells one at a 20% loss and the other at a 15% profit. If the selling price of both horses is the same, find the cost price of the horse sold at a loss.

A. Rs. 11500

B. Rs. 10000

C. Rs. 9500

D. Rs. 8000

Answer: Option A

Solution (By JKSSB Mock Tests)

Let Cost Price 1 = C1 and Cost Price 2 = C2. C1 * 0.80 = C2 * 1.15. C1 / C2 = 1.15 / 0.80 = 115 / 80 = 23 / 16. Total parts = 39. C1 = (23 / 39) * 19500 = 11500.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

A man purchased an item for Rs. 400 and sold it for Rs. 480. What is his profit percentage?

A. 20%

B. 15%

C. 25%

D. 30%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Profit = 80, profit% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

If the selling price of an article is Rs. 252 and the profit is 40%, find the cost price.

A. Rs. 180

B. Rs. 160

C. Rs. 220

D. Rs. 200

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #3

A shopkeeper sells a table for Rs. 2400, losing 20%. Find the cost price.

A. Rs. 3200

B. Rs. 3000

C. Rs. 2500

D. Rs. 2800

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 2400/0.8 = 3000.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs