Question : At a village trade fair, a man buys a horse and a camel together for Rs. 51,250. He sold the horse at a profit of 25% and the camel at a loss of 20%. If he sold both the animals at the same price, then the cost price of the cheaper animal would be Rs. _____.
Option 1: 6,600
Option 2: 7,500
Option 3: 25,000
Option 4: 20,000
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 20,000
Solution : Let the cost price of the horse as H and the cost price of the camel as C. So, H + C = 51250____(i) Given that he sold the horse at a profit of 25% and the camel at a loss of 20%, both for the same price. The selling price of the horse is 125% of the cost price, and the selling price of the camel is 80% of the cost price. 1.25H = 0.8C ⇒ C = $\frac{1.25}{0.8}$H ⇒ C = 1.5625H____(ii) From equation (i), ⇒ H + 1.5625H = 51,250 ⇒ 2.5625H = 51,250 ⇒ H = $\frac{51250}{2.5625}$ = Rs. 20,000 Hence, the correct answer is 20,000.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : A horse was sold for Rs. 60,000 at a profit of 20%. For what price should he have sold to gain a 30% profit?
Question : A man sold an article at a gain of 5%. Had he sold it for Rs. 240 more, he would have gained 8%. The cost price of the article is:
Question : Ramesh sold a book at a loss of 30%. If he had sold it for Rs. 140 more, he would have made a profit of 40%. The cost price of the book is:
Question : A watch is listed for Rs. 230 and sold at a discount of 12%. The selling price of the watch is:
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:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile