Two articles are sold for the same price, losing 10% on one and gaining 20% on the other. Find the cost price of each article, if Rs.40 is gained on the whole transaction.
A
Rs.654 and Rs.510
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B
Rs.725 and Rs.546
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C
Rs.800 and Rs.600
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D
None of these
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Solution
The correct option is CRs.800 and Rs.600 Let selling price of each article =xRs Then, selling price of first article =xRs Loss =10%
C.P of first article=10090×x=109×x S.P of second article=xRs Profit =20%
C.P. of second article=100120×x=56×x
C.P. of both articles =109×x+56×x=35x18Rs
S.P. of both article =2xRs Profit =2x−35x18=x18Rs.
Then according to the question x18=40 x=720 C.P.of first article =10090×720=800Rs C.P. of second article =100120×720=600Rs