A person bought a horse and a carriage for ₹ | vedclass

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Question

(C) Let the cost price of the horse be $₹ x$.Then,the cost price of the carriage is $₹ (20000 - x)$.According to the problem,the horse is sold at $20

Vedclass · Accepted Answer

$8000$

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(C) Let the cost price of the horse be $₹ x$.Then,the cost price of the carriage is $₹ (20000 - x)$.According to the problem,the horse is sold at $20 \%$ profit and the carriage at $10 \%$ loss,resulting in an overall profit of $2 \%$ on the total cost price of $₹ 20000$.The total selling price is $20000 	imes (1 + 0.02) = 20400$.The equation is:$1.20x + 0.90(20000 - x) = 20400$$1.20x + 18000 - 0.90x = 20400$$0.30x = 2400$$x = \frac{2400}{0.30} = 8000$.Therefore,the cost price of the horse is $₹ 8000$.

$A$ person bought a horse and a carriage for $₹ 20000$. Later,he sold the horse at $20 \%$ profit and the carriage at $10 \%$ loss. Thus,he gained $2 \%$ in the whole transaction. The cost price of the horse was (in $₹$)

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