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Question

Mariam bought two fans for Rs 3605. She sold one at a profit of 15% and the other at a loss of 9%. If Mariam obtained the same amount for each fan, find the cost price of each fan.

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Solution

It is given that the S.P is same for both the fans.Let C.P of the first fan be Rs. xTherefore, C.P of the second fan=Rs. (3605-x)Profit on the first fan=15%Loss on the second fan=9%For the first fan,S.P = C.P100+gain%100=x115100=23x20For the second fan,S.P = C.P 100-loss%100=3605-x91100Since S.P of both the fans is the same,23x20=3605-x911002300x=9172100-20x2300x=6561100-1820x4120x=6561100x=Rs.1592.50Thus, C.P of the first fan is Rs. 1592.50.C.P of the second fan = Rs. 3605-1592.50 =Rs. 2012.50

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