Question

Two friends bought two bags whose prices were in the ratio of 1:3. If they sold them at a loss of 10%, the difference of the money earned by them was rs.360. What was the cost price of the cheaper bag?

Answer 1

Thank you for asking this question. Here is your answer:

Let the ratio of the cheaper bag be x the costly bag will be 3x.

Their selling prices will be :

0.9x for the cheaper one.

3x × 0.9 = 2.7x

The differences of what is earned on the bags on selling is :

2.7x - 0.9x = 360

1.8x = 360

x = 360/1.8

x = 200

The cost price of the costlier one is :

3 × 200 = 600

Rs 600

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