Question

A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20% and the cow at a gain of 20%. The entire transaction resulted in

• A. no loss or no gain
• B. loss of Rs. 1000
• C. gain of Rs. 1000
• D. gain of Rs. 2000

Answer 1

The correct option is B loss of Rs. 1000

Total S.P. = Rs. 24000
C.P. of horse
$=Rs.(\frac{100}{80}\times 12000)=Rs.15000.$

C.P. of a cow
$=Rs.(\frac{100}{120}\times 12000)=Rs.10000.$

Total C.P. = Rs= 25000.
$\therefore$ Loss = 24000- 25000 = Rs. 1000