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Q.

A man bought a horse and a carriage for Rs.60000. He sold the horse at Question Image profit and the carriage at a loss of Question Image profit and the carriage at a loss of . But still, he gained of Question Image . But still, he gained of overall. Find the cost price of the horse.


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a

20000

b

30000

c

40000

d

50000 

answer is A.

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Detailed Solution

Concept- A financial statement known as a profit and loss (P&L) statement provides an overview of the revenues, expenditures, and expenses incurred for a given time period, typically a quarter or fiscal year.
Let CP of horse be C and CP of carriage be 60000 – C
Now, according to question:
Question ImageHence, the correct answer is option 1.
 
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