Multiple choice

A man sells two horses for Rs. 1485. The cost price of the first is equal to the selling price of the second. If the first is sold at 20% loss and the second at 25% gain, what is his total gain or loss (in rupees)?

  1. Rs. 80 gain

  2. Rs. 60 gain

  3. Rs. 60 loss

  4. Neither gain nor loss
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP1 = CP2 = x. SP1 = 0.8x (20% loss), SP2 = 1.25x (25% gain). Total SP = 0.8x + 1.25x = 2.05x. Total CP = x + x = 2x. Profit = 0.05x. But given total SP = 1485, so 2.05x = 1485, x = 724.39. Total CP = 2x = 1485 (approximately). Hence no gain no loss.

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