a man sold a chair and table together for rupees 760, thereby making a profit of 25% on chair and 10% on table post of by selling them together for rupees 767. 50, he would have made a profit of 10% on the chair and 25% on the table. find the cost price of each
Answers
We can solve this by using linear equations.
Let the price of the table be y and that of the chair be x:
Equation 1:
Price of chair at 25% profit will be 1.25x (that is 125% of marked price x) and profit is 0.25x
price of table at 10% profit is 1.1y (that is 110% of y)
Therefore 1.1y + 1.25x= Rs.760
Equation 2:
price of chair at 10% profit = 1.1x
price of table at 25% profit= 1.25y
Therefore 1.1x + 1.25y = 767.5
Solve for x and y:
1.25x+1.1y= 760
1.1y= 760-1.25x
y= (760-1.25x)/1.1
1.1x+1.25y= 767.5
substitute y in the second equation
1.1x + 1.25((760-1.25x)/1.1)=767.5
1.21x+950-1.5625x= 844.25
-0.3525x= -105.75
x= 300
Now, substitute x in any of the above equations to find y:
1.1y=760- 1.25x
1.1y= 760- 375
1.1y= 385
y= 350
Therefore the cost price of the chair= Rs. 300 and that of the table = Rs.350.
Answer:
The cost price of the chair = Rs.300 and that of the table = Rs.350.
- A man sold a chair and table together for rupees 760, thereby making a profit of 25% on chair and 10% on table post of by selling them together for rupees 767. 50
- A profit of 10% on the chair and 25% on the table.
- We can solve by using linear equations.
- let let the price of the table by y And that of the chair be x;
Equation (1).
So, price of chair at 25% profit will be 1.25x (that is 125% of maked price x) and profit is 0.25x.
price of table at 10% profit is 1.1y (that is 110% of y)
Therefore 1.1y + 1.25x = Rs.760
Equation (2).
price of the chair at 10% profit = 1.1x
price of table at 25% profile = 1.25y
Therefore
1.1x + 1.25y = 767.5
solve the x and y
1.25x + 1.1y = 760
1.1y = 760 - 1.25x
y = (760 - 1.25x)/1.1
11x + 1.25y = 767.5
Substitute y in the second equation.
1.1x + 1.25((760 - 1.25x)/11) = 767.5
1.21x + 950 - 1.5625x = 844.25
-0.3525x = -105.75
x = 300
Now, substitute x in any of the equation to find y;
1.1y = 760 - 1.25x
1.1y = 760 - 375
1.1y = 385
y = 350.
Hence,
The cost price of the chair = Rs.300 and that of the table = Rs.350.