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A person bought two bicycles for Rs 1600...

A person bought two bicycles for Rs 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 Rs 5 more. The dilference of the cost price of the two bicycles was:

A

Rs 50

B

Rs40

C

Rs 25

D

Rs 75

Text Solution

AI Generated Solution

The correct Answer is:
Let's solve the problem step by step. ### Step 1: Define Variables Let the cost price (CP) of the first bicycle be \( A \) and the cost price of the second bicycle be \( B \). ### Step 2: Set Up the Equation for Total Cost According to the problem, the total cost of the two bicycles is: \[ A + B = 1600 \] ### Step 3: 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) is: \[ SP1 = A + 0.1A = 1.1A \] - Selling price of the second bicycle (SP2) is: \[ SP2 = B + 0.2B = 1.2B \] ### Step 4: Total Selling Price in the First Scenario The total selling price in the first scenario is: \[ SP1 + SP2 = 1.1A + 1.2B \] ### Step 5: 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') is: \[ SP1' = A + 0.2A = 1.2A \] - Selling price of the second bicycle (SP2') is: \[ SP2' = B + 0.1B = 1.1B \] ### Step 6: Total Selling Price in the Second Scenario The total selling price in the second scenario is: \[ SP1' + SP2' = 1.2A + 1.1B \] ### Step 7: Set Up the Equation Based on the Problem Statement According to the problem, the difference in selling prices between the two scenarios is Rs 5: \[ (1.2A + 1.1B) - (1.1A + 1.2B) = 5 \] ### Step 8: Simplify the Equation Simplifying the equation gives: \[ 1.2A + 1.1B - 1.1A - 1.2B = 5 \] \[ (1.2A - 1.1A) + (1.1B - 1.2B) = 5 \] \[ 0.1A - 0.1B = 5 \] Dividing the entire equation by 0.1: \[ A - B = 50 \] ### Step 9: Solve the System of Equations Now we have two equations: 1. \( A + B = 1600 \) 2. \( A - B = 50 \) We can solve these equations simultaneously. ### Step 10: Add the Equations Adding the two equations: \[ (A + B) + (A - B) = 1600 + 50 \] \[ 2A = 1650 \] \[ A = 825 \] ### Step 11: Substitute to Find B Now substitute \( A \) back into the first equation: \[ 825 + B = 1600 \] \[ B = 1600 - 825 \] \[ B = 775 \] ### Step 12: Find the Difference The difference of the cost price of the two bicycles is: \[ A - B = 825 - 775 = 50 \] ### Final Answer The difference of the cost price of the two bicycles is Rs 50. ---
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