A man sells a horse for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. Find the cost price of the horse?
Q1. A man sells a horse for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. Find the cost price of the horse?
Answer: Rs0.86
Explanation: Let loss at Rs. 800 be L; then CP = 800+L. At Rs. 980 gain = 2L, so 980−CP = 2L giving 980−800−L = 2L → L = 60 → CP = Rs. 860.