Maninder bought two horses at Rs., 40,000 each. He sold one horse at 15 % gain, but had to sell seco

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7.Profit and Loss

easy

Maninder bought two horses at $Rs.\, 40,000$ each. He sold one horse at $15 \%$ gain, but had to sell the second horse at a loss. If he had suffered a loss of $Rs.3,600$ on the whole transaction, then the selling price of the second horse is (in $Rs.$)

A

$30000$

B

$30200$

C

$30300$

D

$30400$

Solution

$C.P.$ of two horses $=₹(2 \times 40000)=80000$ and $S . P .$ of two horses $=₹(80000-3600)=76400$

$S.P.$ of one horse $=₹\left(4000 \times \frac{115}{100}\right)=46000$

$S.P.$ of the other horse $=₹(76400-46000)=30400$

Standard 13

Quantitative Aptitude

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