A man bought a horse and a car riage for Rs 3000 he sold the horse at a gain of 20 and the carriage ...........

Quantitative Aptitude ( CCS) Profit and loss

A man bought a horse and a car riage for Rs 3000.he sold the horse at a gain of 20% and the carriage at a loss of 10%,thereby gaining 2% on the whole.find the cost of the horse.

1100

1150

1200

1250

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Explanation:

Let the C.p of the horse be Rs.x, then C.P of the carriage =Rs(3000-x)
20% of x-10% of(3000-x)=2% of 3000
x/5-(3000-x)/10=60=.2x-3000+x=600=.3x+3600=>x=1200
hence,C.P of the horse =Rs 1200