Interview Question 3872

Created by admin on Mon, 19/11/2012 - 16:39
Explanation: 

Let x be the cost of horse & y be the cost of the cart.
10 % of loss in selling horse = 20 % of gain in selling the cart
Therefore (10 / 100) * x = (20 * 100) * y
x = 2y -----------(1)
5 % of loss in selling the horse is 10 more than the 5 % gain in selling the cart. Therefore (5 / 100) * x - 10 = (5 / 100) * y
5x - 1000 = 5y
Substituting (1)
10y - 1000 = 5y
5y = 1000
y = 200
x = 400 from (1).

Question: 

A man bought a horse and a cart. If he sold the horse at 10 % loss and the cart at 20 % gain, he would not lose anything; but if he sold the horse at 5% loss and the cart at 5% gain, he would lose Rs. 10 in the bargain. The amount paid by him was Rs.- _______ for the horse and Rs.________ for the cart.

Language: 
Quantitative Aptitude
Answer: 

Cost price of horse: Rs. 400 & Cost price of cart: Rs. 200.