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QUESTION
Q
A trader bought two horses for Rs.19,500. He sold one at a loss of 20% and the other at a profit of 15%. If the selling...

Solution

Let the cost prices of two horses be H1 and H2 Given H1 + H2 = Rs 19500 H2 = 19500 − H1 Since one horse is sold at a loss of 20% ( let the horse sold at loss be of price H1). Selling price of that horse = (100 − 20)% of cost price = 80% of cost price = 0.8 × H1 Since one horse is sold at a profit of 15% ( let...

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