A man bought a bullock and a cart for ₹10,000. He sold the bullock at a gain of 30% and the cart at a loss of 20%, thereby gaining 2% on the whole. Find the cost of the bullock.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹4,400.
Let CP of Bullock = B
1.3B + 0.8(10000 - B) = 1.02 × 10000 = 10200
⇒ 1.3B + 8000 - 0.8B = 10200
⇒ 0.5B = 2200
⇒ B = 4400