Practicing Success
Ram purchases two watches for Rs.3,500. By selling one watch at a point of 25 percent and the other at a loss of 10 percent he neither earns profit nor suffers loss in the whole transaction. What is the cost price of each watch ? |
Rs. 1500 and Rs. 2000 Rs. 1500 and Rs. 1720 Rs. 1500 and Rs. 2500 Rs. 1250 and Rs. 2250 |
Rs. 1500 and Rs. 2500 |
Let the cost price of the first watch be Rs.x. Then, Cost price of second watch = Rs.y It is given that In the whole transaction, the man neither gains nor loses. ∴ Gain on the sale of first watch = Loss in the sale of the second watch ⇒ \(\frac{x}{y}\) = \(\frac{10}{25}\) ⇒ 35x = 3500 ⇒ x = 100 ⇒ 25x = 2500 ⇒ 10x = 1000 |