I bought two buffaloes for Rs. 1200 and sold one to lose 5% and the other to gain 7% and on the whole I neither lost nor gained. What did each cost?
Explanation:
Let the CP’s of buffaloes be Rs. x and (1200 – x).
Then, it is given that 0.95 x + 1.07 (1200 – x) = 1200
⇒ 0.12x = 84
⇒ x = 700
∴ Cost of other buffalo = Rs. 500
Hence, option (c).
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