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A person bought two bicycles for ₹ 1600...

A person bought two bicycles for ₹ 1600 and sold the first at 10% profit and the second at 20% profit. If he sold the first at 20% profit and the second at 10% profit,he would get ₹ 5 more.The difference in the cost price of the two bicycles was

A

₹ 25

B

₹ 75

C

₹ 50

D

₹ 40

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will denote the cost price of the first bicycle as \( x \) and the cost price of the second bicycle as \( 1600 - x \) (since the total cost price of both bicycles is ₹1600). ### Step 1: Define the Cost Prices Let: - Cost Price of the first bicycle = \( x \) - Cost Price of the second bicycle = \( 1600 - x \) ### Step 2: Calculate Selling Prices for the First Scenario In the first scenario, the first bicycle is sold at a 10% profit and the second at a 20% profit: - Selling Price of the first bicycle (SP1) = \( x + 0.1x = 1.1x \) - Selling Price of the second bicycle (SP2) = \( (1600 - x) + 0.2(1600 - x) = 1.2(1600 - x) = 1920 - 1.2x \) ### Step 3: Calculate Total Selling Price for the First Scenario Total Selling Price in the first scenario: \[ SP_{total1} = SP1 + SP2 = 1.1x + (1920 - 1.2x) = 1920 - 0.1x \] ### Step 4: Calculate Selling Prices for the Second Scenario In the second scenario, the first bicycle is sold at a 20% profit and the second at a 10% profit: - Selling Price of the first bicycle (SP1') = \( x + 0.2x = 1.2x \) - Selling Price of the second bicycle (SP2') = \( (1600 - x) + 0.1(1600 - x) = 1.1(1600 - x) = 1760 - 1.1x \) ### Step 5: Calculate Total Selling Price for the Second Scenario Total Selling Price in the second scenario: \[ SP_{total2} = SP1' + SP2' = 1.2x + (1760 - 1.1x) = 1760 + 0.1x \] ### Step 6: Set Up the Equation Based on the Given Condition According to the problem, the difference in selling prices between the two scenarios is ₹5: \[ SP_{total2} - SP_{total1} = 5 \] Substituting the expressions we derived: \[ (1760 + 0.1x) - (1920 - 0.1x) = 5 \] ### Step 7: Simplify the Equation Now, simplify the equation: \[ 1760 + 0.1x - 1920 + 0.1x = 5 \] Combining like terms: \[ -160 + 0.2x = 5 \] ### Step 8: Solve for \( x \) Rearranging the equation gives: \[ 0.2x = 5 + 160 \] \[ 0.2x = 165 \] \[ x = \frac{165}{0.2} = 825 \] ### Step 9: Find the Cost Price of the Second Bicycle Now, we can find the cost price of the second bicycle: \[ \text{Cost Price of the second bicycle} = 1600 - x = 1600 - 825 = 775 \] ### Step 10: Calculate the Difference in Cost Prices Finally, the difference in cost prices of the two bicycles is: \[ \text{Difference} = 825 - 775 = 50 \] ### Final Answer The difference in the cost price of the two bicycles is ₹50. ---
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