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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