A man bought 4 horses and 9 cows for 1340. He sells the horses at a profitof 10% and the cows at a profit of 20% and his whole gain are 188. Whatprice did he pay for the horse?
Let the cost of one horse be x.
The cost of 4 horses and 9 cows = 1340
⇒ The cost of one cow = Rs. 1340 – 4x
He sold the cows at a profit of 10% and the horses at a profit of 20%.
Profit when the horses are sold is 10%
⇒ (b 1 /b 2 ) × 100 = 10%
⇒ Profit when the horses are sold = c 1 /c 2 = 2/3
Profit when the cows are sold is 20%.
⇒ (c 1 /c 2 ) × 100 = 20%
⇒ Profit when the cows are sold = -5/-8 =
Total profit he gained = 188
⇒
= 188
⇒ 2x + (1340 – 4x) = 188 × 5
⇒ -2x = 188 × 5 – 1340
= 940 - 1340
= - 400
∴ x = 200
∴ The price he paid for the horse is 200.
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