Quantitative Aptitude Ques 666

Question: 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

Options:

A) Rs. 30000

B) Rs. 30400

C) Rs. 30300

D) Rs. 40400

Show Answer

Answer:

Correct Answer: B

Solution:

  • Cost price of each horse $ =Rs.40000 $ SP of first horse $ =40000+\frac{15}{100}\times 4000=Rs.46000 $ Profit $ =46000-40000=Rs\text{.},6000 $ Loss on second horse be $ x. $

$ \therefore $ $ 6000-x=3600 $
$ \Rightarrow $ $ x=9600 $ So, SP of second horse $ =4000-9600=Rs\text{.},30400 $