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A man purchases two clocks A and B at a ...

A man purchases two clocks A and B at a total cost of Rs. 650. He sells A with 20% profit and B at a loss of 25% and gets the same selling price for both the clocks. What are the purchasing prices of A and B respectively?

A

Rs. 225, Rs. 425

B

Rs. 250, Rs. 400

C

Rs. 275, Rs. 375

D

Rs. 300, Rs. 350

Text Solution

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The correct Answer is:
To solve the problem step by step, we will denote the cost prices of clocks A and B as \( CP_A \) and \( CP_B \) respectively. ### Step 1: Set up the equations based on the problem statement We know that the total cost of both clocks is Rs. 650. Therefore, we can write the first equation as: \[ CP_A + CP_B = 650 \quad \text{(1)} \] ### Step 2: Express selling prices in terms of cost prices Clock A is sold at a profit of 20%. Therefore, the selling price \( SP_A \) can be expressed as: \[ SP_A = CP_A + 0.2 \times CP_A = 1.2 \times CP_A \] Clock B is sold at a loss of 25%. Therefore, the selling price \( SP_B \) can be expressed as: \[ SP_B = CP_B - 0.25 \times CP_B = 0.75 \times CP_B \] ### Step 3: Set the selling prices equal to each other According to the problem, the selling prices of both clocks are the same: \[ SP_A = SP_B \] Substituting the expressions we derived: \[ 1.2 \times CP_A = 0.75 \times CP_B \quad \text{(2)} \] ### Step 4: Solve the equations simultaneously From equation (2), we can express \( CP_B \) in terms of \( CP_A \): \[ CP_B = \frac{1.2}{0.75} \times CP_A = \frac{12}{7.5} \times CP_A = \frac{8}{5} \times CP_A \] Now substitute \( CP_B \) in equation (1): \[ CP_A + \frac{8}{5} \times CP_A = 650 \] Combining the terms: \[ \left(1 + \frac{8}{5}\right) CP_A = 650 \] \[ \frac{13}{5} CP_A = 650 \] ### Step 5: Solve for \( CP_A \) To find \( CP_A \): \[ CP_A = 650 \times \frac{5}{13} = 250 \] ### Step 6: Find \( CP_B \) Now substitute \( CP_A \) back into the equation for \( CP_B \): \[ CP_B = 650 - CP_A = 650 - 250 = 400 \] ### Final Answer The purchasing prices of clocks A and B are: \[ CP_A = 250 \quad \text{and} \quad CP_B = 400 \]
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DISHA PUBLICATION-PROFIT, LOSS AND DISCOUNT-Practice Exercise (Standard Level)
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