Two friends bought two bicycles whose prices were in the ratio of 1 : 5 if they sold them at a loss of 10%, the difference of the money earned by them was Rs. 3600. What was the cost price of the costlier cycle?
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two bicycles whose prices were in the ratio of 1 : 5
Let the cost price [CP] of bicycle A be 1x and the bicycle B be 5x
SP of bicycle A = [1 - (loss / 100) ] * CP
⇒SP =[ 1 -10 /100 ] * x = 9x/10
SP of bicycle B = [1 - (loss / 100) ] * CP
⇒SP =[ 1 -10 /100 ] * 5x = 45x/10
Now ATP
the difference of the money earned by them was Rs. 3600
∴[ 45x/10 ] - [ 9x/10 ] =3600
⇒45x - 9x =3600 * 10
⇒ 36x = 36000
⇒ x = Rs 1000 = the cost price of the cheaper cycle [A ]
⇒ the cost price of the costlier cycle [B ] =5x = 5*1000 = Rs 5000 ANS
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