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.

Algebra ->  Rate-of-work-word-problems -> 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.       Log On


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
S/c = 1.25, S = 1.25C
.........
%281.25C+%2B+10%29%2F%281.2C%29+=+1.075
10 = 1.075(1.2C) - 1.25C
10 = .04C
$250 = C