Vijay bought a fridge and a washing machine together for ₹38,200. He sold the fridge at a profit of 15% and washing machine at a loss of 24% and both are sold at the same price. The cost price of the washing machine is:
Answer & explanation
Correct answer: option 3
The cost price of washing machine and the fridge = 38200
Profit on fridge = 15%
Loss on washing machine = 24%
According to the question the selling price of both the items is same so,
CP SP
Fridge 20 23
Machine 25 19
As the selling prie of both the items is same to making sp same by multiplying with 19 and 23 in both the equations as given below,
CP SP
Fridge 20 23 ) × 19
Machine 25 19 ) × 23
CP SP
Fridge 380 437
Machine 575 437
380 + 575= 955 (Total CP)
if , 955 = 38200
then, 575 = 23000