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      Question

      A man bought a horse and sold it at a gain of 10%. Had he

      bought it at 20% less and sold it if for Rs. 10 more, he would have made a profit of 40%. What is the cost price of the horse?
      A Rs. 500 Correct Answer Incorrect Answer
      B Rs. 400 Correct Answer Incorrect Answer
      C Rs. 350 Correct Answer Incorrect Answer
      D Rs. 300 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the actual C.P. be Rs. 100           Actual S.P. at 10% gain = Rs. 110           Supposed C.P. at 20% less = Rs.80           Supposed S.P. at 40% gain =            Diff. in S.P. = 112 - 110 = Rs. 2           If the difference is Rs. 2, then C.P. = Rs. 100            If the difference is Rs. 10, then C.P.     

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