A man bought two shirts for Rs. 650. He sold one of them at a gain of 7% and the other at a loss of 6%. On the whole he neither gained nor lost ? The cost of the shirts, respectively, were
Answer & explanation
Correct answer: option 3
We have,
The combined price of two shirts = Rs.650
Gain on one shirt = 7%
Loss on another shirt = 6%
Gain on one shirt = loss on another shirt
⇒ 7% of CP1 = 6% of CP2
⇒ CP1/CP2 = 6/7
⇒ CP1 = (6/13)× 650 = 300
⇒ CP2 = (7/13)× 650 = 350