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The cost prices of two tables a same. One is sold at a profit of and the other more than the first one. If the overall profit earned after selling the tables is 24%, what is the cost price of each table (B) R 3500 (A) R 4400 (C) R 4800 (D) 4250 (E) R 3820 |
Answer» Let price of each table is `x` rupees. Then, selling price of first table `= x**(100+20)/100 = 6/5x` Rs Now, selling price of second table `= 6/5x+340` Rs Cost price of each both tables `= x+x = 2x` Rs Selling price of both tables ` = 6/5x+6/5x+340 = 12/5x+340` Rs Now, total profit is `24%`. `:. 2x**(100+24)/100 = 12/5x+340` `=>62/25x -12/5x = 340` `=>2/25x = 340` `=>x = 170**25 = 4250` Rs So, cost of each table is `4250` Rs. |
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