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 $