1 Arun sells a washing machine for 311,700 making a profit of 12 % and a sofa set at a loss of 20%. If Arun has no profit and no loss on the overall transaction, then the C.P. of the sofa set is
Answers
- Rs. 166982 .
Given :- Arun sells a washing machine for 311,700 making a profit of 12 % and a sofa set at a loss of 20%. Arun has no profit and no loss on the overall transaction .
To Find :- The C.P. of the sofa set is ?
Solution :-
Washing Machine :-
→ SP = Rs. 311700
→ Profit = 12%
So,
→ CP = (SP × 100) / (100 + Profit%)
→ CP = (311700 × 100) / (100 + 12)
→ CP = (311700 × 100) / 112
→ CP = Rs. 278303.6
Sofa set :-
Let us assume that, CP of the sofa set is Rs. 100x .
So,
→ CP = Rs. 100x
→ Loss = 20%
then,
→ SP = {CP × (100 - Loss%)}/100
→ SP = {100x × (100 - 20)}/100
→ SP = (100x × 80)/100
→ SP = Rs. 80x .
therefore,
→ Total CP = CP of washing machine + CP of sofa set
→ Total CP = Rs. (278303.6 + 100x)
and,
→ Total SP = SP of washing machine + SP of sofa set
→ Total SP = Rs. (311700 + 80x)
since arun has no profit and no loss on the overall transaction ,
→ Total CP = Total SP
→ (278303.6 + 100x) = (311700 + 80x)
→ 100x - 80x = 311700 - 278303.6
→ 20x = 33396.4
multiply both sides by 5,
→ 20x × 5 = 33396.4 × 5
→ 100x = Rs. 166982 (Ans.)
Hence, the C.P. of the sofa set is equal to Rs. 166982 .
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