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Veer purchased two mobiles for Rs. 36,00...

Veer purchased two mobiles for Rs. 36,000 and he sold first mobile at 30% profit and second mobile at 20% loss. If in this transaction Veer gets no profit no loss, then by how much rupees more than the previous selling price, the second mobile must be sold in order to make a profit of 25% on it?

A

A)Rs 9720

B

B)Rs 9700

C

C)Rs 9750

D

D)Rs 9690

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break down the information given and calculate the required values. ### Step 1: Determine the Cost Price of Each Mobile Let the cost price of the first mobile be \( A \) and the cost price of the second mobile be \( B \). According to the problem, we know: \[ A + B = 36,000 \] ### Step 2: Calculate Selling Price of First Mobile Veer sold the first mobile at a 30% profit. Therefore, the selling price (SP) of the first mobile can be calculated as: \[ SP_A = A + 0.3A = 1.3A \] ### Step 3: Calculate Selling Price of Second Mobile Veer sold the second mobile at a 20% loss. Therefore, the selling price of the second mobile can be calculated as: \[ SP_B = B - 0.2B = 0.8B \] ### Step 4: Set Up the No Profit No Loss Condition Since Veer made no profit and no loss overall, the total selling price of both mobiles must equal the total cost price: \[ SP_A + SP_B = A + B \] Substituting the expressions for \( SP_A \) and \( SP_B \): \[ 1.3A + 0.8B = 36,000 \] ### Step 5: Substitute \( B \) in Terms of \( A \) From the first equation \( A + B = 36,000 \), we can express \( B \) as: \[ B = 36,000 - A \] Now substitute this into the equation from Step 4: \[ 1.3A + 0.8(36,000 - A) = 36,000 \] ### Step 6: Simplify the Equation Expanding the equation gives: \[ 1.3A + 28,800 - 0.8A = 36,000 \] Combining like terms: \[ 0.5A + 28,800 = 36,000 \] ### Step 7: Solve for \( A \) Subtract 28,800 from both sides: \[ 0.5A = 36,000 - 28,800 \] \[ 0.5A = 7,200 \] Now, multiply both sides by 2 to find \( A \): \[ A = 14,400 \] ### Step 8: Calculate \( B \) Using the value of \( A \) to find \( B \): \[ B = 36,000 - 14,400 = 21,600 \] ### Step 9: Calculate Selling Price of Second Mobile Now, we need to find the selling price of the second mobile after the 20% loss: \[ SP_B = 0.8B = 0.8 \times 21,600 = 17,280 \] ### Step 10: Calculate Required Selling Price for 25% Profit To achieve a 25% profit on the second mobile, we need to find the new selling price: \[ \text{New SP} = B + 0.25B = 1.25B \] \[ \text{New SP} = 1.25 \times 21,600 = 27,000 \] ### Step 11: Calculate the Difference Now, we need to find out by how much more the second mobile must be sold compared to the previous selling price: \[ \text{Difference} = \text{New SP} - \text{Previous SP} \] \[ \text{Difference} = 27,000 - 17,280 = 9,720 \] ### Final Answer Veer must sell the second mobile for Rs. 9,720 more than the previous selling price to achieve a 25% profit. ---
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