1.

A man buys two horses for Rs. 1550. He sells one so as to lose 23% and other so as to gain 27%. On the whole transaction he neither gains nor loses. What does each horse costs?

Answer»

837,713



Let CP of one be X and other be Y
X+Y = 1550….(i)
ATQ:-
0.77X + 1.27Y = 1550…(II) (as no profit and no LOSS is there)
Solving both, we get
50Y = 35650 or Y = 713
Hence, X = 1550-713 = 837
Therefore, CP of each horse = 837,713



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