Aleem buys 4 horses and 9 cows for Rs. 13,400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of Rs. 1880. The cost of a horse is:_________?
A. Rs. 1000
B. Rs. 2000
C. Rs. 2500
D. Rs. 3000
Explanation:
Let C.P. of each horse be Rs. x and C.P. of each cow be Rs. y.
Then, 4x + 9y = 13400 — (i)
And, 10% of 4x + 20% of 9y = 1880
2/5 x + 9/5 y = 1880 => 2x + 9y = 9400 — (ii)
Solving (i) and (ii), we get : x = 2000 and y = 600.
Cost price of each horse = Rs. 2000.