A man sold a chair and table for 1246 rupees thereby making a profit of 25 %on the chair and 10% on the table . By selling them for 1339 rupees he would have realised a profit of 10% on the chair and 25% on the table .find the cost price of each.
Answers
The selling price of a chair and a table=Rs.1246
The profit on chair=25%
The profit on table=10%
The cost price of chair be X
The cost price of table be Y
Now, Solving we get, here
- using formula
⟹100+25/100×X+100+10/100×Y=1246
⟹125X/100+110Y/100=1246
⟹125X+110Y=124600
The selling price a chair and a table=1339
The profit on chair=10%
The profit on table=25%
⟹100+10/100×X+100+25/100×Y=1339
⟹110X/100+125Y/100=1339
⟹110X+125Y=133900
Solving, equation 1 and 2 by multiplying and subtracting
⟹13750X+12100Y=13706000
⟹13750X+15625Y=16737500
⟹-3525Y=-303150
⟹Y=Rs.860
Putting the value of Y=860 in EQ 1
⟹125X+110Y=124600
⟹125X+110×860=124600
⟹125X+94600=124600
⟹125X=124600-94600
⟹125X=30000
⟹X=Rs.240
Hence,
The cost price of a chair=Rs.240
The cost price of table=Rs.860
The cost price of chair=Rs.240
The cost price of table=Rs.860