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?
Explanation:
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.
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