A person sold a horse at a gain of 25%. Had he bought it for 35% less and sold it for ₹732 less, he would have made a profit of 36%. The cost price of the horse was

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Question

This question was previously asked in

UP Police Constable Re-Exam 2024 Official Paper (Held On: 23 Aug, 2024 Shift 1)

Answer 1

Calculation:

Let the cost price of horse = 100x

To gain 25% of profit,

Selling price of the Horse (SP₁) = 100x × 125/100 = 125x

Now,

According to the question,

if CP = 100x - 100x × 35% = 65x

then, SP₂ = 65x × 136/100 = 88.40x

Now,

SP₁ - SP₂ = 732

⇒ 125x - 88.4x = 732

⇒ 36.6x = 732

⇒ x = 20

Thus,

Cost price of the horse = 100x = 100 × 20 = Rs. 2000

∴ The correct answer is option (3).

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