A man bought a horse and a carriage for $ 40,000. He sold the horse at a gain of 10 % and the carriage at a loss of 5%. He gained 1% on his whole transaction. The cost price of the horse was :

A man bought a horse and a carriage for $ 40,000. He sold the horse at

1.	A man bought a horse and a carriage for $ 40,000. He sold the horse at a gain of 10 % and the carriage at a loss of 5%. He gained 1% on his whole transaction. The cost price of the horse was :
A.	$ 15000
B.	$ 16000
C.	$ 18000
D.	$ 20000
Answer» C. $ 18000

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A man bought a horse and a carriage for $ 40,000. He sold the horse at a gain of 10 % and the carriage at a loss of 5%. He gained 1% on his whole transaction. The cost price of the horse was :

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