Question

A customer purchases a new T.V. set under an exchange scheme by giving his old T.V. set and paying Rs. 5,200 cash. If the actual price of the new T.V. is Rs. 12,000 how much is the old T.V. worth?​

Answer 1

SOLUTION

GIVEN

• A customer purchases a new T.V. set under an exchange scheme by giving his old T.V. set and paying Rs. 5,200 cash.

• The actual price of the new T.V. is Rs. 12,000

TO DETERMINE

The price of old T.V.

EVALUATION

Here it is given that the customer purchases a new T.V. set under an exchange scheme by giving his old T.V. set and paying Rs. 5,200 cash.

The actual price of the new T.V. is Rs. 12,000

Thus we have

Price of new TV = Price of old TV + Exchange amount

∴ Price of old TV

= Price of new TV - Exchange amount

= Rs 12000 - Rs 5200

= Rs 6800

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