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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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