A man bought two horses for Rs. 30000. He sold one at a loss of 15% and the other at a profit of 19%. If the selling price of both horses is the same, what is the cost price of the second horse? MCQ with Answer and Explanation

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A man bought two horses for Rs. 30000. He sold one at a loss of 15% and the other at a profit of 19%. If the selling price of both horses is the same, what is the cost price of the second horse?

A. Rs. 12500

B. Rs. 15000

C. Rs. 17500

D. Rs. 10000

Answer: Option A

Solution (By JKExamLibrary)

Let the cost prices be CP1 and CP2. CP1 + CP2 = 30000. Given 0.85 * CP1 = 1.19 * CP2, which simplifies to CP1 / CP2 = 119 / 85 = 7 / 5. The ratio is 7:5. Total parts = 12. 1 part = 30000 / 12 = 2500. CP2 = 5 parts = 5 * 2500 = Rs. 12500.

This question belongs to: Maths Profit And Loss

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Question #1 Report Error

A man purchased 40 apples for Rs. 320. He sells 15 at a 20% profit and 15 at a 10% loss. At what profit percentage should he sell the remaining 10 apples to achieve an overall profit of 15%?

A. 40%

B. 45%

C. 50%

D. 35%

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
Total Cost Price = 320. Desired profit = 15% of 320 = 48. Cost Price of 15 apples = 120. Profit on 15 apples = 24. Loss on 15 apples = 12. Net profit so far = 12. Profit needed on remaining 10 apples = 48 - 12 = 36. Cost Price of remaining 10 apples = 80. Profit percentage = (36 / 80) * 100 = 45%.

This question belongs to: Maths Profit And Loss