A man bought two radio sets for Rs 5000. He sold one at a loss of 12% and the other at a gain of 8%.He neither gained nor loss in this transaction. Find cost price of each radio.(Ans:Rs.2000,Rs.3000)
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Answer:
st radio S.P. = Rs. 5000
Gain =25%
∴ C.P = Rs.1255000×100= Rs. 4000
2nd radio S.P. = Rs. 5000, Loss =x% (say)
∴ C.P. =(100−x)5000×100
Since the person neither gained nor lost Total C.P. = Total S.P
⇒4000+(100−x)500000=10000
⇒(100−x)500000=6000⇒500000=600000−6000x
⇒6000x=100000
⇒x=60100%=350%=1632%
Hope it's helpful to you
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