Two cycles together cost Rs. 5,000. One is sold at a 20% gain and the other at a 20% loss, and both fetch the same price. What is the cost of the cycle sold at a gain?
Correct answer B. Rs. 2,000
Explanation
1.2a = 0.8b, so a : b = 0.8 : 1.2 = 2 : 3. The cycle sold at a gain costs 2/5 × 5,000 = Rs. 2,000.
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