Question

Mahesh Bought two shirt for rupees 1000 one of them he sold at 12% loss and other is sold at 8% gain thus. mahesh has no gain no loss find the cost price of each shirt

Answer 1

Let the cost price of one of the shirts be x.

Then the cost price of the other shirt will be (1000 -x)

The selling price of the shirt sold at a profit of 8% is :

1.08x

The selling price of the one sold at a 12% loss is :

0.88(1000 - x) = 880 - 0.88x

the total selling price = 1.08x + 880 - 0.88x = 0.2x + 880

Since there was no loss or gain then  the selling price = buying price

0.2x + 880 = 1000

0.2x = 120

x = 600

The other shirt will cost :

1000 - 600 = 400

The cost price of each shirt is thus :

Rs 400 and Rs 600