Manoj bought two T. V. for Rs.2,280. He sold one at a loss of 20 percent and other at a profit of 10 percent. If each T.V was sold for the same price, then what is the cost price of the T.V which was sold at loss?
Answer & explanation
Correct answer: option 2
Loss % = 20% = \(\frac{1}{5}\)
Profit % = 10% = \(\frac{1}{10}\)
CP SP
1st 10 11
2nd 5 4
Given SP is equal so make SP equal
CP SP
1st 10 11× 4
2nd 5 4)× 11
CP SP
1st 40 44
2nd 55 44
————————————
95 88
95x = 2,280
55x = 1320