Mathematics
A shopkeeper sells a table at 8% profit and a chair at 10% discount, thereby getting ₹1008. If he had sold the table at 10% profit and chair at 8% discount, he would have got ₹20 more. Find the cost price of the table and the list price of the chair.
Linear Equations
130 Likes
Answer
Let the cost price of table be ₹x and list price of chair be ₹y.
According to first condition,
According to second condition,
Multiplying (i) by 55 and (ii) by 6, we have
⇒ 330x + 275y = 308000 ……..(iii)
⇒ 330x + 276y = 308400 ……..(iv)
Subtracting eq. (iii) from (iv) we get,
⇒ (330x + 276y) - (330x + 275y) = 308400 - 308000
⇒ 330x - 330x + 276y - 275y = 400
⇒ y = 400.
On substituting value of y in (i) we get,
⇒ 6x + 5(400) = 5600
⇒ 6x + 2000 = 5600
⇒ 6x = 3600
⇒ x = 600.
Hence, cost of table = ₹600 and cost of chair = ₹400.
Answered By
42 Likes
Related Questions
On selling a tea set at 5% loss and a lemon set at 15% gain, a shopkeeper gains ₹70. If he sells the tea set at 5% gain and lemon set at 10% gain he gains ₹130. Find the cost price of lemon set.
A person invested some money at 12% simple interest and some other amount at 10% simple interest. He received yearly interest of ₹1300. If he had interchanged the amounts, he would have received ₹40 more as yearly interest. How much did he invest at different rates?
A and B have some money with them. A said to B, 'if you give me ₹100, my money will become 75% of the money left with you'. "B said to A" instead if you give me ₹100, your money will become 40% of my money. How much money did A and B have originally?
The students of a class are made to stand in (complete) rows. If one student is extra in a row, there would be 2 rows less, and if one student is less in a row, there would be 3 rows more. Find the number of students in the class.