1.

A person bought two chairs for Rs. 2,400 and sold the first at a profit of 25% and second at a loss of 10%. If he sold the first at 20% loss and second at 30% profit, he would get Rs. 300 more. The difference of the cost price of the chairs was1). Rs. 8482). Rs. 8603). Rs. 8424). Rs. 852

Answer»

LET the Cost Price (C.P) of chair_1 be ‘x’ and that of chair_2 be (2400 - x)

Selling Price (S.P) in the FIRST case = 1.25x + 0.9 × (2,400 - x)

S.P in the second case = 0.8x + 1.3 × (2,400 - x)

ACCORDING to the given condition,

0.8x + 1.3(2,400 - x) = 300 + 1.25x + 0.9 (2,400 - x)

∴ 0.4 × (2,400 - x) = 0.45x + 300

∴ 960 – 300 = 0.45x + 0.4x

∴ 660 = 0.85x

∴ x ≈ 776

∴ Difference in C.P of chair_1 and chair_2 = (2,400 – x) - x = 2,400 – 2X = 2,400 – 1552 = 848

∴ The difference in C.P is Rs. 848


Discussion

No Comment Found

Related InterviewSolutions