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A man bought two goats for 1008. He sold...

A man bought two goats for 1008. He sold one at a loss of 20% and other at a profit of 44%. If each goat was sold for the same price, the cost price of the goat which was sold at loss was:

A

648

B

360

C

568

D

Neither loss nor gain

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break down the information given and find the cost price of the goat that was sold at a loss. ### Step 1: Understand the total cost price The man bought two goats for a total of 1008 rupees. Therefore, the total cost price (CP) of both goats is: \[ \text{Total CP} = 1008 \text{ rupees} \] ### Step 2: Define the cost price of each goat Let the cost price of the goat sold at a loss be \( X \) rupees. Consequently, the cost price of the other goat (which was sold at a profit) will be: \[ \text{Cost Price of second goat} = 1008 - X \] ### Step 3: Determine the selling prices 1. The goat sold at a loss of 20% means it was sold for 80% of its cost price: \[ \text{Selling Price of first goat} = 0.8X \] 2. The goat sold at a profit of 44% means it was sold for 144% of its cost price: \[ \text{Selling Price of second goat} = 1.44(1008 - X) \] ### Step 4: Set the selling prices equal Since both goats were sold for the same price, we can set the two selling prices equal to each other: \[ 0.8X = 1.44(1008 - X) \] ### Step 5: Solve the equation Now, we will solve for \( X \): 1. Expand the right side: \[ 0.8X = 1.44 \times 1008 - 1.44X \] \[ 0.8X + 1.44X = 1.44 \times 1008 \] \[ 2.24X = 1.44 \times 1008 \] 2. Calculate \( 1.44 \times 1008 \): \[ 1.44 \times 1008 = 1451.52 \] 3. Now, substitute back: \[ 2.24X = 1451.52 \] 4. Divide both sides by 2.24 to find \( X \): \[ X = \frac{1451.52}{2.24} \approx 648 \text{ rupees} \] ### Step 6: Find the cost price of the goat sold at loss The cost price of the goat sold at loss is: \[ X = 648 \text{ rupees} \] ### Conclusion The cost price of the goat which was sold at a loss is **648 rupees**. ---
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KIRAN PUBLICATION-PROFIT AND LOSS -TYPE-IX
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