Question

Find the Cost of Price of Each CowAshish purchased two cows for Rs. 4900. He sold one at 15% profit and other at 19% loss and got equal selling price for both. What will be the cost price of each cow?

Answer 1

Let cost price of 1st cow be A and that of the 2nd cow be B

We know A + B = Rs. 4900

Forming an equation with the knowledge that he sold one at 15% profit and other at 19% loss and got equal selling price for both, we get

(1+0.15)A = (1-0.19)B
1.15A = 0.81B
A = 0.7B

Now putting this value in A + B = 4900, we get

0.704B+B = 4900
1.704B=4900
B= 2876
Hence A =2024

Therefore, cost price of the one cow is Rs. 2876 and that of the other is Rs. 2024.