a car salesman sells two types of cars: maruti and indica. a maruti is sold at 40% profit, whereas an indica is sold at 60% profit. the salesman ha calculated than if he sells the same number of each car his overall profit will 48%. in reality
Answers
Given : a car salesman sells two types of cars: maruti and indica. a maruti is sold at 40% profit, whereas an indica is sold at 60% profit.
the salesman has calculated If he sells the same number of each car his overall profit will 48%.
To Find : Ratio of Price of Both cars
Solution:
Maruti Price = A
Indica Price = B
maruti is sold at 40% profit = (40/100)A = 0.4A
Indicai is sold at 60% profit = (60/100)A = 0.6B
Let say n numbers of each are sold
Then Profit on maruti = 0.4An
Profit on Indica= 0.6Bn
Net Profit = 48 %
=> (48/100)n(A + B) = 0.4An + 0.6Bn
=> 0.48(A + B) = 0.4A + 0.6B
=> 0.8A = 0.12B
=> 8A = 12B
=> 2A = 3B
=> A/B = 3 /2
=> A : B = 3 : 2
Ratio of Price of Both cars is 3 :2
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Answer:
Let say n numbers of each are sold
Then Profit on maruti = 0.4An
Profit on Indica= 0.6Bn
Net Profit = 48 %
=> (48/100)n(A + B) = 0.4An + 0.6Bn
=> 0.48(A + B) = 0.4A + 0.6B
=> 0.8A = 0.12B
=> 8A = 12B
=> 2A = 3B
=> A/B = 3 /2
=> A : B = 3 : 2
Ratio of Price of Both cars is 3 :2
Step-by-step explanation: