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Ramu bought two items A and B. The cost ...

Ramu bought two items A and B. The cost price of Item B was `12%` more than that of Item A. Ramu sold each of the items at `25%` profit. If the difference between the profits earned from both the items was ₹6,what was the cost price (in ₹) of Item A?

A

360

B

240

C

250

D

200

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will denote the cost price of Item A as \( CP_A \) and the cost price of Item B as \( CP_B \). ### Step 1: Define the cost price of Item A Let the cost price of Item A be \( CP_A = 100x \). ### Step 2: Calculate the cost price of Item B Since the cost price of Item B is 12% more than that of Item A, we can express it as: \[ CP_B = CP_A + 12\% \text{ of } CP_A = 100x + 0.12 \times 100x = 112x \] ### Step 3: Calculate the selling price of both items Ramu sells each item at a profit of 25%. Therefore, the selling price of Item A and Item B can be calculated as follows: \[ \text{Selling Price of Item A} = CP_A + 25\% \text{ of } CP_A = 100x + 0.25 \times 100x = 125x \] \[ \text{Selling Price of Item B} = CP_B + 25\% \text{ of } CP_B = 112x + 0.25 \times 112x = 140x \] ### Step 4: Calculate the profit from both items The profit earned from each item can be calculated as: \[ \text{Profit from Item A} = \text{Selling Price of Item A} - CP_A = 125x - 100x = 25x \] \[ \text{Profit from Item B} = \text{Selling Price of Item B} - CP_B = 140x - 112x = 28x \] ### Step 5: Set up the equation based on the difference in profits According to the problem, the difference between the profits earned from both items is ₹6: \[ \text{Profit from Item B} - \text{Profit from Item A} = 6 \] Substituting the profit values we calculated: \[ 28x - 25x = 6 \] This simplifies to: \[ 3x = 6 \] ### Step 6: Solve for x Dividing both sides by 3 gives: \[ x = 2 \] ### Step 7: Calculate the cost price of Item A Now that we have the value of \( x \), we can find the cost price of Item A: \[ CP_A = 100x = 100 \times 2 = 200 \] ### Final Answer The cost price of Item A is ₹200. ---
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