Question

A man bought a horse and a carriage for ₹ 3000. He sold the horse at a gain of 20% and the carriage at a loss 10%, thereby gaining 2% on the whole. Find the cost of the horse.
A. ₹1000
B. ₹1200
C. ₹1500
D. ₹1700

Answer 1

Correct Answer - B
Let the C.P of horse = ₹x
Then the C.P of carriage = ₹ (3000-x)
20% of x - 10% of (3000 -x) = 2% of 3000
`rArr (x)/(5) -((3000-x))/(10) = 60`
`rArr 2x - 3000 + x = 600`
`rArr 3x = 3600 rArr x = ₹ 1200`