SOLUTION: A man bought a horse and sold it at a gain of 25%. If he had bought it at 20% more and sold it for $10 more, he would have gained 7.5%. find the cost price of the horse.
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Question 919794: A man bought a horse and sold it at a gain of 25%. If he had bought it at 20% more and sold it for $10 more, he would have gained 7.5%. find the cost price of the horse.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
S/c = 1.25, S = 1.25C
.........
10 = 1.075(1.2C) - 1.25C
10 = .04C
$250 = C
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