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?
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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
If there is any confusion please leave a comment below.
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