| Manu bought two horses at Rs. 40000 each. He sold one horse at 15% gain but had to sell the second horse at a loss. If he had suffered a loss of Rs. 3600 on the whole transaction, then the selling price of the second horse is |
A) Rs. 30000
B) Rs. 30400
C) Rs. 30300
D) Rs. 40400
Correct Answer: B
Solution :
| Cost price of each horse \[=\text{Rs}.\,\,40000\] |
| SP of first horse \[=40000+\frac{15}{100}\times 4000=\text{Rs}.46000\] |
| Profit \[=46000-40000=\text{Rs}\text{.}\,6000\] |
| Loss on second horse be \[x.\] |
| \[\therefore \]\[6000-x=3600\]\[\Rightarrow \]\[x=9600\] |
| So, SP of second horse\[=4000-9600=\text{Rs}\text{.}\,30400\] |
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