# Word Problem 1

Problem 1: By selling a horse for Rs 75 a man would lose 4%. For what amount should he sell it to gain 20%?

Solution:

First we need to know the cost price, which we will try to find by the help of given condition.

Let cost price (CP) = y

If he selling for loss then given;

Loss is 4% of CP

Using loss formula

But SP is Rs 75

20% Profit case

Now we have readily found the cost price of the horse i-e

CP = 78.125

If he wnat to earn Profit of 20 % (of cost price) then

P= 20% of CP

Now to find sale price for 20% profit we use profit formula

So to earn 20 % profit he will have to sell his horse for Rs 93.75.

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