Multiple choice

A trader bought two horses for Rs.19,500. He sold one at a loss of 20% and the other at a profit of 15%. If the selling price of each horse is the same, then their cost prices are respectively.

  1. Rs. 10,000 and Rs. 9,500

  2. Rs. 11,500 and Rs. 8,000

  3. Rs. 12,000 and Rs. 7,500

  4. Rs. 10,500 and Rs. 9,000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP1 = x, CP2 = 19500-x. SP1 = 0.8x, SP2 = 1.15(19500-x). 0.8x = 1.15(19500-x) => 0.8x = 22425 - 1.15x => 1.95x = 22425 => x = 11500. CP2 = 19500 - 11500 = 8000.

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