A villager buys a goat and a sheep together for Rs 14,250. He sold the sheep at a profit of 10% and the goat at a loss of 20%. If he sold both the animals at the same price , then what was the cost price of the cheaper animal?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 6000.
Let the cost of the goat be Rs x
Cost of sheep = (14250 - x)
ATQ
SP of goat = SP of Sheep
(14250 - x) × 110/100 = x × 80/100
x = Rs 8250
Cost of goat = 8250
Cost of sheep = 6000
Sheep is cheaper at the cost of Rs 6000