Question : A sold a horse to B for Rs. 4800, losing 20%. B sells it to C at a price that would have given A a profit of 15%. B's gain is:
Option 1: Rs. 1,800
Option 2: Rs. 1,900
Option 3: Rs. 2,000
Option 4: Rs. 2,100
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Correct Answer: Rs. 2,100
Solution :
Selling price by A = Rs. 4,800
Loss = 20% of Cost price
Selling price = Cost price – loss
Rs. 4,800 = 80% of Cost price
⇒ Cost price by A = $\frac{4800}{0.8}$ = Rs. 6,000
Profit = 15% of Cost price by A
⇒ Selling price by B = Cost price + profit
= 115% of Cost price by A
= 115% of Rs. 6,000
= Rs. 6,900
B's gain = Selling price – Cost price = Rs. 6,900 – Rs. 4,800 = Rs. 2,100
Hence, the correct answer is Rs. 2,100.
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