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 is selling price of second horse is Rs 30400.

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

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

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)`)=
`(115)/(100) *40000`

= 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.