Question

a shopkeeper buys two tv set of the same type.he sells one of them at a profit of 20% and the other at a loss of 5% .if the difference in selling prices is 700₹, find the cost price of each tv set.

Answer 1

the cost of TV is 2800

Answer 2

Let the price of one TV set be y.
(1+20%)y-(1-5%)y=700
120%y-95%y=700
y=700/0.25
y=2800
Therefore, the cost price of each TV set is 2800.
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