Question

A man bought a horse & a carriage for Rs $60,000$. He sold the horse at $15$% profit and the carriage at a loss of $6$%. But still, he gained of $1$% on overall. Find the cost price of the horse.

Answer 1

Let the cost price of horse be $C$

Then the cost price of carriage = $60000-C$

According to question,

$C\times (1+\frac{15}{100})+$ ($60000-C)(1-\frac{6}{100})$ $=60000\times (1+\frac{1}{100})$

$C\times \frac{115}{100}+$ ($60000-C)\left(\frac{94}{100}\right)$$=60000\times \frac{101}{100}$

$\frac{21}{100}C=60000\frac{7}{100}$

$C=20000$