Question : At a village trade fair, a man buys a horse and a camel together for Rs. 51,250. He sold the horse at a profit of 25% and the camel at a loss of 20%. If he sold both the animals at the same price, then the cost price of the cheaper animal would be Rs. _____.
Option 1: 6,600
Option 2: 7,500
Option 3: 25,000
Option 4: 20,000
Latest: SSC CGL 2024 final Result Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: 20,000
Solution : Let the cost price of the horse as H and the cost price of the camel as C. So, H + C = 51250____(i) Given that he sold the horse at a profit of 25% and the camel at a loss of 20%, both for the same price. The selling price of the horse is 125% of the cost price, and the selling price of the camel is 80% of the cost price. 1.25H = 0.8C ⇒ C = $\frac{1.25}{0.8}$H ⇒ C = 1.5625H____(ii) From equation (i), ⇒ H + 1.5625H = 51,250 ⇒ 2.5625H = 51,250 ⇒ H = $\frac{51250}{2.5625}$ = Rs. 20,000 Hence, the correct answer is 20,000.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : A horse was sold for Rs. 60,000 at a profit of 20%. For what price should he have sold to gain a 30% profit?
Option 1: Rs. 64,000
Option 2: Rs. 65,000
Option 3: Rs. 50,000
Option 4: Rs. 55,000
Question : Ramesh sold a book at a loss of 30%. If he had sold it for Rs. 140 more, he would have made a profit of 40%. The cost price of the book is:
Option 1: Rs. 280
Option 2: Rs. 200
Option 3: Rs. 260
Option 4: Rs. 300
Question : A watch is listed for Rs. 230 and sold at a discount of 12%. The selling price of the watch is:
Option 1: Rs. 27.60
Option 2: Rs. 276
Option 3: Rs. 202.40
Option 4: Rs. 257.60
Question : A sold a horse to B for Rs. 4800, losing 20%. B sells it to C at a price that would have given A a profit of 15%. B's gain is:
Option 1: Rs. 1,800
Option 2: Rs. 1,900
Option 3: Rs. 2,000
Option 4: Rs. 2,100
Question : The profit obtained by selling an article for Rs. 625 is the same as the loss incurred if it is sold for Rs. 545. The price at which it is to be sold to realize a profit of Rs. 65 on the cost price is:
Option 1: Rs. 640
Option 2: Rs. 630
Option 3: Rs. 650
Option 4: Rs. 660
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile