A man bought a horse and a carriage for Rs. 3000. He sold the horse at a 20% gain and the carriage at a 10% loss, gaining 2% on the whole. What is the cost of the horse?
Q1. A man bought a horse and a carriage for Rs. 3000. He sold the horse at a 20% gain and the carriage at a 10% loss, gaining 2% on the whole. What is the cost of the horse?
Answer: Rs. 1000
Explanation: Let's denote the cost of the horse as H. Then, the cost of the carriage = 3000 - H. Using the given conditions: 1.2H + 0.9(3000 - H) = 1.02 * 3000.