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A dealer sells a goat for rupees 600 and there by gains 20 percent. He sells another goat at 5 percent loss and on the whole there is no loss no profit. Find the cost price of the second goat
- a)1000
- b)2000
- c)3000
- d)4000
- e)None of these
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
A dealer sells a goat for rupees 600 and there by gains 20 percent. He...
600 = (120/100)*cp
so cp of first goat = 500. So in the first deal he gains 100 rupees.
But on selling second horse he losses 5 percent, means (5/100)*CP = 100
So cp of second goat = 2000
so cp of first goat = 500. So in the first deal he gains 100 rupees.
But on selling second horse he losses 5 percent, means (5/100)*CP = 100
So cp of second goat = 2000
Most Upvoted Answer
A dealer sells a goat for rupees 600 and there by gains 20 percent. He...
Let's assume the cost price of the second goat is x rupees.
Selling the first goat at a 20% profit:
The selling price of the first goat is 600 rupees, which is 120% of the cost price.
So, we can write the equation:
120% of x = 600
Simplifying the equation, we have:
(120/100) * x = 600
1.2 * x = 600
x = 600/1.2
x = 500
Therefore, the cost price of the second goat is 500 rupees.
Selling the second goat at a 5% loss:
Now, let's calculate the selling price of the second goat.
Since the overall transaction results in no loss or profit, the selling price of the second goat should be equal to its cost price.
The selling price of the second goat is 95% of the cost price.
So, we can write the equation:
95% of x = x
Simplifying the equation, we have:
(95/100) * x = x
0.95 * x = x
0.05 * x = 0
This equation implies that the cost price of the second goat is zero, which is not possible. Therefore, there is an error in the given options. The correct answer cannot be determined based on the information provided.
Hence, the correct answer is None of these.
Selling the first goat at a 20% profit:
The selling price of the first goat is 600 rupees, which is 120% of the cost price.
So, we can write the equation:
120% of x = 600
Simplifying the equation, we have:
(120/100) * x = 600
1.2 * x = 600
x = 600/1.2
x = 500
Therefore, the cost price of the second goat is 500 rupees.
Selling the second goat at a 5% loss:
Now, let's calculate the selling price of the second goat.
Since the overall transaction results in no loss or profit, the selling price of the second goat should be equal to its cost price.
The selling price of the second goat is 95% of the cost price.
So, we can write the equation:
95% of x = x
Simplifying the equation, we have:
(95/100) * x = x
0.95 * x = x
0.05 * x = 0
This equation implies that the cost price of the second goat is zero, which is not possible. Therefore, there is an error in the given options. The correct answer cannot be determined based on the information provided.
Hence, the correct answer is None of these.
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A dealer sells a goat for rupees 600 and there by gains 20 percent. He sells another goat at 5 percent loss and on the whole there is no loss no profit. Find the cost price of the second goata)1000b)2000c)3000d)4000e)None of theseCorrect answer is option 'B'. Can you explain this answer?
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A dealer sells a goat for rupees 600 and there by gains 20 percent. He sells another goat at 5 percent loss and on the whole there is no loss no profit. Find the cost price of the second goata)1000b)2000c)3000d)4000e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A dealer sells a goat for rupees 600 and there by gains 20 percent. He sells another goat at 5 percent loss and on the whole there is no loss no profit. Find the cost price of the second goata)1000b)2000c)3000d)4000e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dealer sells a goat for rupees 600 and there by gains 20 percent. He sells another goat at 5 percent loss and on the whole there is no loss no profit. Find the cost price of the second goata)1000b)2000c)3000d)4000e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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