A man bought 2 shirts, which together cost him ₹ 480. He sold one of them at a loss of 15% and the other at a gain of 19 %. If the selling price of both the shirts are equal, find the cost price of the lower priced shirt.
₹ 200
Let the cost price of one shirt be x and other be y.
x + y = 480 ........ (i)
85x = 119y .........(ii)
x = 11985 y
putting value of x in equation (i) we get :
11985 y + y = 480
y = 480×85204
∴ y = ₹ 200
The price of shirt x will be greater than ₹ 200 since the sum is ₹ 480.
∴ The price of the lower priced shirt = ₹ 200