Question

Q7. Two mobile phones were purchased at the same price. One was sold at a profit
of 30% and the second was sold at a price which was Rs. 2500 less than the price at
which the first was sold. If the overall profit earned by selling both the mobile
phones was 5%, what was the cost price of one mobile phone?​

Answer 1

Answer:

B) Rs.5000

Description for Correct answer:

Let the C.P. of each mobile phone be Rs.x.

According to the question,

x×130100+x×130100−2500x×130100+x×130100−2500

= 2x×1051002x×105100

=> 260x100−210x100260x100−210x100=2500

=> x = 2500×100502500×10050 = Rs.5000