Word Problem 18
Problem 18: A man bought a horse and sold it at a gain of 10%. If he had bought it 20% less and sold it for Rs 10 more, he would have made a profit of 40%. Find the cost price of the horse/
a. Rs 200 a. Rs 400 a. Rs 500 a. Rs 300
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Solution:
P=10%
Cost Price 20% less than previous
Selling = Rs 10 more than previous selling price
Profit =10%
Let
The
Then selling price
Now cost price (20%) less;
New selling price;
Use formula for profit;
So cost price was Rs 500
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