Srishti bought two hens for Rs. 1300. She sold one at a loss of 5% and the other at a gain of 8%. What will be the cost price of each hen respectively if she faced neither loss nor gain in this transaction?
Answers
Answer:
she is getting loss of Rs.32.5 on first hen. and Rs.52 profit on second hen.
on first hen she should sell on Rs.682.5 .
and on second hen she should sell it of Rs.592.
so the cost price of both the hen is 1274.5
SOLUTION:-
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Given:
Shrishti bought two hens for Rs.1300.She sold one at a loss of 5% & other at a gain of 8%.
To find:
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The cost price of each hen respectively, i she faced neither loss nor gain in this transaction.
Explanation:
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•Let the cost price [C.P.] of first hen be Rs.R
•Let the cost Price [C.P.] of second hen be Rs. M.
According to the question:
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R + M= 1300
=) M= 1300 - R..................(1)
Using Formula:
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Selling price= [(100 - loss%)/100] × C.P
Selling price= [(100+ gain%)/100]× C.P
Therefore,
1st hen was sold at 5% loss;
&
In 2nd hen was sold at 8% gain;
Therefore,
Neither profit nor loss was incurred in the entire transaction, overall selling price be equal to cost price.
We have,
=) 0.95R + 1.08M= 1300.............(2)
Substituting the value of equation (1) & equation (2), we get;
Putting the value of M in equation (2),
=) 0.95R + 1.08(1300-R)= 1300
=) 0.95R + 1404 - 1.08R= 1300
=) 0.95R - 1.08R = 1300 - 1404
=) - 0.13R = -104
=) R= 104/0.13
Putting the value of R in equation (1), we get;
=) M= Rs.[1300 - 800]