A man bought 2 scooters for Rs 80,000.He sold one of them at a profit of 20%and other at a loss of 10%.If the selling price of each scooter is same.Find the cost price of each scooter. What is the profit or loss percent on the whole transaction?
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Step-by-step explanation:
let the cost price of the first scooter be X and the second scooter be y.
x+y=80000. eq1
selling price of first scooter =x+20%ofx
=20/100×x+x
=x/5+x
=6x/5
selling price of second scooter =y-10%ofy
=y-10/100×y
=y-y/10
=9y/10
price of both scooter is same .
6x/5=9y/10
60x=45x
4x=3y. eq2
Now you can solve equation 1 an equation 2 by putting the value of equation 2 in equation 1 and hence find the cost price of both the scooters.
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