total of Rs 80,000 is to be distributed among 200 person as prices in price is either Rs 500 Rs 300 find the number of each type of price
Answers
STEP 1: Define x:
Let the number of people who take Rs 500 be x
Therefore the number of people who take Rs 300 is (200 - x)
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STEP 2: Form Equation:
The total sum is Rs 8000
500x + 300(200x) = 80000
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STEP 3: Solve x:
500x + 300(200- x) = 80 000
500x + 60 000 - 300x = 80 000
200x = 20 000
x = 100
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STEP 4: Find the number of person who took each price:
Rs 500 = x = 100
Rs 300 = 200 - x = 200 - 100 = 100
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Answer: 100 people took Rs500 and 100 people took Rs300