A boy spends RS 2000 to purchase two toys. A few day later ,he sells both of them such that he suffers a loss of 8% on the first toy and makes profit of 12% on the second toy he makes no profit, no loss on the whole which of the following is the cost price of the Second toy?
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Answer:
Coast Price of Second Toy is Rs. 800
Step-by-step explanation:
Given: Cost Price of both toys = Rs. 2000
Loss percentage on first toy = 8%
Profit percentage on second toy = 12%
To find: Cost Price of second toy.
Overall , there is no profit no loss. So, Selling Price of both toys = Rs. 2000
let Cost price of first Toy be x.
⇒ Cost price of 2nd Toy = 2000 - x
Selling Price of first toy = x - 8/100 × x = 92x / 100
Selling Price of Second Toy =
According to the question,
20x = 224000 - 200000
20x = 24000
x = 1200
So, Cost price of second toy = 2000 - 1200 = Rs. 800
Therefore, Coast Price of Second Toy is Rs. 800
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