John bought two horses at Rs 20000 each. He sold one horse at 15% gain. But he had to sell the second horse at a loss. If he had suffered a loss of Rs 1800 on the whole transaction, find the selling price of the second horse. (PLZ answer soon exam approaching)

We are given that CP of each horse = 20000

The first horse is sold with a gain of 15%.

∴SP of first horse =  =  = 23000

Also, John suffered a net loss of Rs 1800 on selling the 2 horses.

∴SP of both horses = 2(20000) – 1800 = 38200

Thus, SP of the second horse = = 15200.

Therefore, John sold the second horse for Rs 15200.

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