Word Problem 14
Problem 14: A dealer bought two horses for Rs 480. He sold one at a loss of 15% and the other at a gain of 19% and then he found that each horse was sold for the same price. Find the cost price of each.
a. Rs 350 and 150 b. Rs 280 and 200 c. Rs 250 and 230 d. Rs 300 and 180
Cost Price of two horses =CP=Rs 480
Loss = L= 15%
Selling price of one horse=Selling price of other
Cost Price of each horse=?
We start by supposing cost prices of two horses to be ‘y’ and ‘z’ Rs
Now first horse is sold at 15% loss, so,
Second horse is sold at 19% profit, so,
Since given that both horses sold at same price
But we are given that total cost is Rs 480
Now putting value of y from eq 1 in eq 2
S, the cost price of second horse is found to be Rs 200. Put this value of z in eq 2
So the cost price of 1st horse is Rs 280
So, the option ‘b’ is correct answer