A shopkeeper buys two T V sets of the same type He sells one of them at a profit - Maths - Direct and Inverse Proportions

Question

A shopkeeper buys two T V sets of the same type He sells one of
them at a profit of 20% and the other at a loss of 5% If the
difference in selling prices is Rs 700, find the cost price of each
T V set

ramandeep.singh · Accepted Answer

Let the CP of each T V set be Rs x âˆ´SP of first T V set = $x + \frac{20}{100} ⨯ x$ = $\frac{120}{100} x$ SP of second T V set = $x - \frac{5}{100} ⨯ x$ = $\frac{95}{100} x$ According to the question, difference in selling prices = 700 $∴ \frac{120}{100} x - \frac{95}{100} x = 700 \Rightarrow \frac{25}{100} x = 700 \Rightarrow x = 2800$ Thus, CP of each T V set = Rs 2800

A shopkeeper buys two T.V sets of the same type. He sells one of them at a profit of 20% and the other at a loss of 5%. If the difference in selling prices is Rs 700, find the cost price of each T.V set