Knowee
Questions
Features
Study Tools

A man sells two horses for Rs.1955 each. On one he gains 15% and on the other he loses 15%, His total gain or loss is

Question

A man sells two horses for Rs.1955 each. On one he gains 15% and on the other he loses 15%, His total gain or loss is

🧐 Not the exact question you are looking for?Go ask a question

Solution

First, let's calculate the cost price of each horse.

For the horse that the man made a gain on: Let's denote the cost price of this horse as X. Since he made a 15% gain on this horse, we can write the equation as: X + 15% of X = Rs.1955 Or, 1.15X = Rs.1955 So, X = Rs.1955 / 1.15 = Rs.1700

For the horse that the man had a loss on: Let's denote the cost price of this horse as Y. Since he had a 15% loss on this horse, we can write the equation as: Y - 15% of Y = Rs.1955 Or, 0.85Y = Rs.1955 So, Y = Rs.1955 / 0.85 = Rs.2300

Now, let's calculate the total cost price and total selling price: Total cost price = X + Y = Rs.1700 + Rs.2300 = Rs.4000 Total selling price = 2 * Rs.1955 = Rs.3910

Since the total selling price is less than the total cost price, the man had a loss. The amount of loss = Total cost price - Total selling price = Rs.4000 - Rs.3910 = Rs.90

So, the man had a loss of Rs.90.

This problem has been solved

Similar Questions

A man sold a horse at a loss of 42.84%. How much percent should he gain in the next transaction so as to make an overall gain of 21.42%, if the two horses are bought at the same price?

A person bought a horse and a carriage for Rs. 20,000. 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

Select the correct answerRam sold two horses at the same price. In one he gets a profit of 10% and in the other he gets a loss of 10%. Then Ram gets?OptionsNo loss or profit2% loss1% loss1% profit

A sells 2 TV sets at same price, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?

A man purchased a carriage and horse in Rs.1500.By selling the horse at 10% loss and carriage at 20% profit he earned a profit of 8% on the whole transaction.What is the price of carriage (in Rs.)?6009001000None of these

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.