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Dinesh bought two radios for 1,920. He s...

Dinesh bought two radios for 1,920. He sold one at a profit of 20% and the other at a loss of 6 `2/3` % If the selling price of both radios are same, the cost prices of the two radios are

A

800 and 1,120

B

840 and 1,080

C

860 and 1,060

D

900 and 1,020

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first define the variables and then calculate the cost prices of the two radios based on the given conditions. ### Step 1: Define the total cost price of the radios Dinesh bought two radios for a total of Rs. 1920. ### Step 2: Let the cost prices of the two radios be represented as: - Cost price of Radio 1 = \( CP_1 \) - Cost price of Radio 2 = \( CP_2 \) From the problem, we know: \[ CP_1 + CP_2 = 1920 \] ### Step 3: Selling price calculations 1. **Selling Price of Radio 1 (with 20% profit)**: - Profit percentage = 20% - Selling Price (SP) = \( CP_1 + 0.2 \times CP_1 = 1.2 \times CP_1 \) 2. **Selling Price of Radio 2 (with 6 2/3% loss)**: - Loss percentage = \( 6 \frac{2}{3}\% = \frac{20}{3}\% \) - Selling Price (SP) = \( CP_2 - \frac{20}{3} \times \frac{CP_2}{100} = CP_2 \left(1 - \frac{20}{300}\right) = CP_2 \left(1 - \frac{1}{15}\right) = CP_2 \left(\frac{14}{15}\right) \) ### Step 4: Set the selling prices equal Since the selling prices of both radios are the same: \[ 1.2 \times CP_1 = \frac{14}{15} \times CP_2 \] ### Step 5: Substitute \( CP_2 \) in terms of \( CP_1 \) From Step 2, we can express \( CP_2 \) as: \[ CP_2 = 1920 - CP_1 \] Substituting this into the equation from Step 4: \[ 1.2 \times CP_1 = \frac{14}{15} \times (1920 - CP_1) \] ### Step 6: Solve for \( CP_1 \) Multiply both sides by 15 to eliminate the fraction: \[ 15 \times 1.2 \times CP_1 = 14 \times (1920 - CP_1) \] This simplifies to: \[ 18 \times CP_1 = 26880 - 14 \times CP_1 \] Combine like terms: \[ 18 \times CP_1 + 14 \times CP_1 = 26880 \] \[ 32 \times CP_1 = 26880 \] Now divide both sides by 32: \[ CP_1 = \frac{26880}{32} = 840 \] ### Step 7: Find \( CP_2 \) Using the value of \( CP_1 \) to find \( CP_2 \): \[ CP_2 = 1920 - CP_1 = 1920 - 840 = 1080 \] ### Final Answer - Cost price of Radio 1 = Rs. 840 - Cost price of Radio 2 = Rs. 1080
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