Question

A man sells two horses for $Rs.11900.$The cost price of the first is equal to the selling price of the second. If the first is sold at $30\%$ loss and the second at $25\%$ gain , what is his total gain or loss (in rupee)

• A. $Rs.600$ loss
• B. $Rs.700$ loss
• C. $Rs.750$ loss
• D. $Rs.650$ loss

Answer 1

The correct option is B $Rs.700$ loss

Two horse selling price $=11,900$

let the 1st S.P $=x$

Second horse S.P $=(11,900-x)$

Given that

1st horse C.P= Second of S.P

and then$\Rightarrow$

$\frac{x\times 100}{70}=(11,900-x)$

$10x=(11,900-x)\times 7$

$10x=83300-7x$

$10x+7x=83300$

$17x=83300$

$x=4900$

1st horse C.P $=\frac{4900\times 100}{70}=7000$

Second horse C.P $=\frac{(11900-4900)}{125}\times 100$

$\frac{7000\times 100}{125}=5600$

Total C.P $=7000+5600$

$=12600$

And than

$lose=12600-11900$

$=700Rs$

Option $B$ is correct answer