A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:  Answers.
A) Rs. 3,750 B) Rs. 3,250 C) Rs. 2,750 D) Rs. 2,250 E) None
Solution: Let the original CP = Rs. X.   Hence, SP= X + 15% of X = 115X/100 = Rs. 23X/20.   New, CP = X - 25% of X = 75X/100 = 3X/4.   New SP = 3X/4 + 32% of 3X/4 = Rs. 99X/100.   According to the question,   (23x/20)-(99x/100)= 600   Or, (115x-99x)/100 = 600   16x = 600*100   X = 600*100/16 = Rs. 3750.   Rs. 3,750nswer: Option Rs. 3,750
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A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was: