SOLUTION: John brought two horses at Rs 20000 each. He sold one horse at 15% gain. But he had to sell the second house at a loss .If he had suffered a loss of Rs 1800 on the whole transectio

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Question 1091317: John brought two horses at Rs 20000 each. He sold one horse at 15% gain. But he had to sell the second house at a loss .If he had suffered a loss of Rs 1800 on the whole transection, find the selling price of the second horse
Answer by htmentor(1343) About Me  (Show Source):
You can put this solution on YOUR website!
The profit on the first house is 15%, so its selling price is 20000*1.15 = 23000
On the entire transaction, John loses 1800, thus the total for both houses is:
23000 + P = 40000 - 1800, where P = the selling price of the second house
Solve for P:
P = 38200 - 23000 = 15200
Ans: 15200 Rs