A person sold a horse at a gain of 15%. Had he bought it for 25% less…

Question

A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:

Accepted Answer

Option A. Rs. 3,750. Answer & Solution Answer: Option A Solution: & Let\, the\, original\, CP = Rs.\,X & Hence, & SP = X + 15\% \, of\,X & \,\,\,\,\,\,\,\,\, = 115X100 & \,\,\,\,\,\,\,\,\, = Rs.\, 23x20 & New\, CP = x - 25\% \, of\,X & = 75x100 = 3x4 & New\, SP = 3x4 + 32\% \, of\, 3x4 & = Rs.\, 99x…