Solution for yesterday’s problem
Let the cost price of horse be x and carriage be y
x+y = 8000
Also, 1.1x + 0.9y = 8000*(102.5/100) = 8200
solving the above two equations we get, x = 5000 and y = 3000
Apply: net gain% – loss%: gain% – net gain%:: CP of horse:CP of carriage = 5:3
Therefore, CP of horse is 5000
A loss of 19% gets converted into a profit of 17%, when the selling price is increased by $162. Find the cost price.