Multiple choice

One man buys two horses, A and B. Cost price of A is Rs.50 more than B. He sells A at a profit of 16% and B at a profit of 7%. His total gain is Rs.100. What was the original price of B?

  1. Rs. 450

  2. Rs. 400

  3. Rs. 300

  4. Rs. 350

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let B's cost price = x. Then A's cost price = x + 50. A sells at 16% profit: 1.16(x + 50) = 1.16x + 58. B sells at 7% profit: 1.07x. Total profit = (1.16x + 58 + 1.07x) - (2x + 50) = 0.23x + 8 = 100. Solving: 0.23x = 92, x = 400. B's price is Rs. 400.

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