Profit and Loss Q.4

4A man bought a horse for a certain sum and sold it at a loss of 8% on his outlay. If he had received `1800 more, then he would have gained 141/2 % on his outlay. What did the horse cost?

Option : D
Explanation : C.P. = (Difference in S.P.) ÷ (% Difference in profit) C.P. of the horse = 1800 × 100/14.5–(–8) = 1800 × 100/22.5 ⇒ C.P. = 8000.

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