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A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs 600 less, he would have made a profit of 32%. The cost price of the horse was:1). 37502). 32503). 27504). 2250 |
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Answer» Let the CP of the horse be k Then SP of the horse = k + 15% of k = k + 0.15k = 1.15k If he WOULD have BOUGHT it for 25% LESS, CP = k – 25% of k = k – 0.25k = 0.75k SP = 1.15k – 600 Profit = SP – CP = 1.15k – 600 – 0.75k = 0.4k – 600 Profit% = (Profit/CP) × 100 ⇒ 32 = (0.4k – 600) × 100/0.75k ⇒ 24K = 40k – 60000 ⇒ 16k = 60000 ⇒ k = 60000/16 ⇒ k = 3750 |
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