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A trader sells two articles, one at a lo...

A trader sells two articles, one at a loss of 10% and another at a profit of 15% but finally there is no loss or gain. If the total sale price of these two article is Rs. 30,000, find the difference between their cost prices :

A

Rs. 5000

B

Rs. 6000

C

Rs. 7500

D

none of these

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's denote the cost price of the first article as \( x \) and the cost price of the second article as \( y \). ### Step 1: Set up the equations based on the problem statement. We know that the total sale price of both articles is Rs. 30,000. Therefore, we can write the equation: \[ x + y = 30,000 \quad (1) \] ### Step 2: Determine the sale prices based on profit and loss. The first article is sold at a loss of 10%, so the sale price of the first article can be expressed as: \[ \text{Sale Price of Article 1} = x - 0.1x = 0.9x \] The second article is sold at a profit of 15%, so the sale price of the second article can be expressed as: \[ \text{Sale Price of Article 2} = y + 0.15y = 1.15y \] ### Step 3: Set up the equation for total sale price. The total sale price of both articles is given by: \[ 0.9x + 1.15y = 30,000 \quad (2) \] ### Step 4: Solve the equations simultaneously. From equation (1), we can express \( y \) in terms of \( x \): \[ y = 30,000 - x \quad (3) \] Now, substitute equation (3) into equation (2): \[ 0.9x + 1.15(30,000 - x) = 30,000 \] ### Step 5: Simplify and solve for \( x \). Expanding the equation: \[ 0.9x + 34,500 - 1.15x = 30,000 \] Combining like terms: \[ -0.25x + 34,500 = 30,000 \] Subtracting 34,500 from both sides: \[ -0.25x = 30,000 - 34,500 \] \[ -0.25x = -4,500 \] Dividing both sides by -0.25: \[ x = \frac{-4,500}{-0.25} = 18,000 \] ### Step 6: Find \( y \) using the value of \( x \). Substituting \( x \) back into equation (3): \[ y = 30,000 - 18,000 = 12,000 \] ### Step 7: Calculate the difference between the cost prices. The difference between the cost prices \( x \) and \( y \) is: \[ x - y = 18,000 - 12,000 = 6,000 \] ### Conclusion: The difference between the cost prices of the two articles is Rs. 6,000. ---
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ARIHANT SSC-PROFIT, LOSS AND DISCOUNT-EXERCISE (LEVEL 1)
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