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Aptitude · Q258

Profit And Loss

Competitive Exams · Aptitude · question 258

Q258

Albert buys 4 horses and 9 cows for Rs. 13400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of Rs. 1880. The cost of a horse is -

A.
Rs. 1000
B.
Rs. 2000
Answer
C.
Rs. 2500
D.
Rs. 3000

Answer: Option B

Solution

Answer: Option B
Solution:
Let C.P. of each horse be Rs. x and C.P. of each cow be Rs. y.
Then,
= 4x + 9y = 13400 ......(i)
and,
10% of 4x + 20% of 9y = 1880

Solving (i) and (ii), we get:
x = 2000 and y = 600
∴ Cost price of each horse = Rs. 2000