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\[=4000-9600=\text{Rs}\text{.}\,30400\] |
You need to login to perform this action.
You will be redirected in
3 sec