A shopkeeper buys two TV sets of same type he sells one of them at a p

1.	A shopkeeper buys two TV sets of same type he sells one of them at a profit of 20% and other at a loss of 5% if difference in selling price is rupees 700 find cost price of each TV set
Answer» Let the cost of one TV set be x. Find the selling price of the one that was sold at a profit of 20%: profit = 20% of x = 0.2x Selling price = x + 0.2x = 1.2x Find the selling price of the one that was sold at a loss of 5%: Loss = 5% of x = 0.05x Selling Price = x - 0.05x = 0.95x Solve x: Difference in the selling price in term of x = 1.2x - 0.95x = 0.25x Difference in the selling price = ₹700 (Given) 0.25x = ₹ 700 x = 700 ÷0.25 x = ₹ 2800 Answer: The cost price of a TV set is ₹ 2800.

A shopkeeper buys two TV sets of same type he sells one of them at a profit of 20% and other at a loss of 5% if difference in selling price is rupees 700 find cost price of each TV set

Answer»

Let the cost of one TV set be x.

Find the selling price of the one that was sold at a profit of 20%:

profit = 20% of x = 0.2x

Selling price = x + 0.2x = 1.2x

Find the selling price of the one that was sold at a loss of 5%:

Loss = 5% of x = 0.05x

Selling Price = x - 0.05x = 0.95x

Solve x:

Difference in the selling price in term of x = 1.2x - 0.95x = 0.25x

Difference in the selling price = ₹700 (Given)

0.25x = ₹ 700

x = 700 ÷0.25

x = ₹ 2800

Answer: The cost price of a TV set is ₹ 2800.