A man purchased two T.V. sets for Rs. 20600. He sold the two T.V. sets at the same
price and at this there was a profit of 10% in one and a loss of 4% in the other. Find
the cost price of each T.V. set.
Answers
Answer:
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Cost Price of First set = 19125
Cost Price of Second set = 23375
Step-by-step explanation:
Given: A man bought two TV sets for Rs 42500. He sold one at a loss of 10% and other at a profit of 10%.
To find : If the selling price of each TV set is same determine the cost price of each set?
Solution :
Total cost of 2 TV sets = 42500
Let the cost of First TV set be x
Then,
Cost of second TV set = = *(42500-x)
Selling price of First TV set is
SP₁ = = x + 10% of
SP₁ 110x 100
Selling price of second TV set is
SP₂ = 42500 -x- 10% of (42500 - x)SP₂
90(42500 - x) 100
S.P of First TV set = S.P of Second TV set
110x 90(42500-x)
100
100
11x = 90(42500 - x)
11x = 382500 - 9x
20x = 382500
x = 19125
Therefore, Cost Price of First set = 1912
Cost Price of Second set = 23375
Answer:
The cost of each TV set is 23375