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

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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. 10000

B. Rs. 8000

C. Rs. 9500

D. Rs. 11500

Answer: Option D

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

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Question #1

A man purchased an article for Rs. 500 and sold it for Rs. 600. What is the gain percentage?

A. 20%

B. 18%

C. 15%

D. 25%

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Correct Answer: Option A

Explanation:
Gain = 100, gain% = 100/500*100=20%.

This question belongs to: Maths Profit And Loss

Question #2

A shopkeeper marks his goods 20% above cost and gives a discount of 20%. What is his profit or loss percent?

A. Loss 4%

B. Profit 4%

C. Loss 2%

D. No profit no loss

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 120, SP = 120*0.8 = 96, loss = 4%.

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Question #3

An article is sold for Rs. 1020, resulting in a 20% loss. Find the cost price.

A. Rs. 1200

B. Rs. 1250

C. Rs. 1275

D. Rs. 1300

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Correct Answer: Option C

Explanation:
80% of CP = 1020. CP = 1020 / 0.8 = Rs. 1275.

This question belongs to: Maths Profit And Loss

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