A shopkeeper buys two TV sets 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.
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Let the cost of one TV set be x.
Find the selling price of the one that was sold at a profit of 20%:
profit = 20% of x = 0.2x
Selling price = x + 0.2x = 1.2x
Find the selling price of the one that was sold at a loss of 5%:
Loss = 5% of x = 0.05x
Selling Price = x - 0.05x = 0.95x
Solve x:
Difference in the selling price in term of x = 1.2x - 0.95x = 0.25x
Difference in the selling price = ₹700 (Given)
0.25x = ₹ 700
x = 700 ÷ 0.25
x = ₹ 2800
Answer: The cost price of a TV set is ₹ 2800.
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Step-by-step explanation:
20precent $5prexen5
~~x=5.20$
so the solution completed
value of tv set cost price28000
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