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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 articles is ₹ 30,000 find the difference between their cost prices :

A

₹ 5000

B

₹ 6000

C

₹ 7500

D

none of these

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will denote the cost prices of the two articles as \( CP_1 \) and \( CP_2 \). ### Step 1: Define the Cost Prices Let: - \( CP_1 \) = Cost Price of the first article - \( CP_2 \) = Cost Price of the second article ### Step 2: Calculate Selling Prices The first article is sold at a loss of 10%, so its selling price \( SP_1 \) is: \[ SP_1 = CP_1 - 0.10 \times CP_1 = 0.90 \times CP_1 \] The second article is sold at a profit of 15%, so its selling price \( SP_2 \) is: \[ SP_2 = CP_2 + 0.15 \times CP_2 = 1.15 \times CP_2 \] ### Step 3: Total Selling Price According to the problem, the total selling price of both articles is ₹30,000: \[ SP_1 + SP_2 = 30000 \] Substituting the expressions for \( SP_1 \) and \( SP_2 \): \[ 0.90 \times CP_1 + 1.15 \times CP_2 = 30000 \] ### Step 4: No Loss No Gain Condition Since there is no loss or gain overall, the loss on the first article is equal to the profit on the second article: \[ 0.10 \times CP_1 = 0.15 \times CP_2 \] Rearranging gives: \[ CP_1 = \frac{0.15}{0.10} \times CP_2 = 1.5 \times CP_2 \] ### Step 5: Substitute \( CP_1 \) in the Selling Price Equation Now, substitute \( CP_1 \) in the total selling price equation: \[ 0.90 \times (1.5 \times CP_2) + 1.15 \times CP_2 = 30000 \] This simplifies to: \[ 1.35 \times CP_2 + 1.15 \times CP_2 = 30000 \] \[ 2.50 \times CP_2 = 30000 \] ### Step 6: Solve for \( CP_2 \) Now, divide both sides by 2.50: \[ CP_2 = \frac{30000}{2.50} = 12000 \] ### Step 7: Find \( CP_1 \) Using \( CP_1 = 1.5 \times CP_2 \): \[ CP_1 = 1.5 \times 12000 = 18000 \] ### Step 8: Calculate the Difference Between Cost Prices Now, we can find the difference between the cost prices: \[ \text{Difference} = CP_1 - CP_2 = 18000 - 12000 = 6000 \] ### Final Answer The difference between the cost prices of the two articles is ₹6000. ---
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