Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
A man bought a horse and a carriage for ₹ 3000. He sold the horse at a gain of 20% and the carriage at a loss of 10%, thereby gaining 2% on the whole. Find the cost of the horse.
Answer
Answer (as printed):
Explanation
Let the C.P. of the horse be ₹ $x$. Then, C.P. of the carriage $=₹(3000-x)$. $$\begin{aligned} & \therefore \quad 20 \% \text { of } x-10 \% \text { of }(3000-x)=2 \% \text { of } 3000 \\ & \Rightarrow \quad \frac{x}{5}-\frac{(3000-x)}{10}=60 \Rightarrow 2 x-3000+x=600 \Rightarrow 3 x=3600 \Rightarrow x=1200 . \end{aligned}$$ Hence, C.P. of the horse $=₹ 1200$.
Explanation as extracted from the printed page; notation may be imperfect.