A horse and a cow were sold for Rs12000 each. The horse was sold at a loss of 20% and the cow at a gain of 20%. The entire transaction resulted in:

  • Option 1)

    No loss or gain

  • Option 2)

    Loss of Rs 1000

  • Option 3)

    Gain Rs  1000    

  • Option 4)

    Gain of Rs 1500

  • Option 5)

    Gain of Rs 2000

Answers (1)

Total SP = 2400

CP of horse = \frac{12000}{0.8}  = 15000

CP of horse = \frac{12000}{1.2} = 10000

Total CP = 25000

Profit = 1000

 

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