A dealer sells a goat for rupees 600 and there by gains 20 percent He sells another goat at 5 percen...........

Quantitative Aptitude ( CCS) Profit and loss

A dealer sells a goat for rupees 600 and there by gains 20 percent. He sells another goat at 5 percent loss and on the whole there is no loss no profit. Find the cost price of the second goat?

1000

2000

3000

4000

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Explanation:

600 = (120/100)*cp
so cp of first goat = 500. So in the first deal he gains 100 rupees.
But on selling second horse he losses 5 percent, means (5/100)*CP = 100
So cp of second goat = 2000