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Maths Puzzle
Numerical Ability
Profit and Loss
A person sold a horse at a gain of 15%.Had he bought it for 25%less and sold it for Rs. 60 less he would have made a profit of 32%.Find the cost price of the horse.
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- Rs 375
Let the CP= Rs x
1st condition: CP=x, SP= 1.15x
2nd condition: CP=0.75x, SP=1.15x-60, Gain=32%
As gain=100*(SP-CP)/CP
=> 100*[(1.15x-60) - 0.75x]/0.75x =32
=> 115x -6000 -75x =24x
=> 16x= 6000
=> x= 375 - 8 years agoHelpfull: Yes(0) No(0)
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