1.

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

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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