a shopkeeper bought two projectors for Rs50,000. He sold one at a profit of 5% and the other at a loss of 5%. If the selling price of each projector is same, determine the cp of each projector
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Rs 1200 & 1920
Rs 1200 & 1920
Step-by-step explanation:
Let say cost price of 1 fan = C
cost price of 2nd Fan = 3120 -C
Profit on 1 Fan = (36/100) * C = 36C/100
Selling Price of 1 Fan = C + 36C/100 = 136C/100
Loos on 2nd Fan = (15/100)* (3120-C) = 15 * (3120-C) / 100
Selling Price of 2nd = (3120-C) - 15*(3120-C)/100 = 85*(3120-C)/100
136C/100 = 85*(3120-C)/100
136C = 265200 - 85C
221C = 265200
C = 265200/221
C = 1200
cost price of 1 Fan = 1200
Cost price of 2nd Fan = 3120-1200= 1920
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