Question

Maulik bought two horses at Rs 40,000 each. He sold one horse at 15% gain, but he to sell the second horse at a loss. If he had suffered a loss of Rs 3600 on the Whole transaction, find the selling price of the second horse.

Answer 1

Answer:

Answer is selling price of second horse is Rs 30400.

Step-by-step explanation:

Maulik bought one horse at Rs 40000 and sold it with a gain of 15%

So the selling price of one horse will be 40000+15% of 40000

                                                      = 40000+6000

                                                      = Rs 46000

Second horse is costing Rs 40000 and had suffered a loss of Rs 3600 on selling both so selling price of both will be = 40000×2-3600

                                                                       = 80000-3600

                                                                       = 76400

  Now selling price of second horse will be selling price of both - selling price of first = 76400-46000 = Rs 30400

Answer 2

Answer:

The selling price of the second horse is Rs 30,400.

Step-by-step explanation:

Cost Price of first horse($CP_{1}$)= Rs. 40,000

Cost Price of second horse($CP_{2}$)= Rs. 40,000

Total cost price=$CP_{1}+CP_{2}$=Rs (40,000+40,000)=Rs 80,000

First horse is sold at 15% gain.

This means selling price of first horse($SP_{1}$)= $\dfrac{115}{100} \times40000$

                                                              = Rs. 46,000

also total there is a loss of Rs 3600

selling price of both the horses(SP)=80000-3600=Rs 76400

now, $SP=SP_{1}+SP_{2}$

where $SP_{2}$ is the selling price of the second horse.

$SP_{2}=SP-SP_{1}$

$SP_{2}=76400-46000$

$SP_{2}=30400$

Hence the selling price of the second horse is Rs 30,400.