IBPS
Government Jobs Exams
Numerical Ability
Profit and Loss
A man purchased two cows for Rs 500. He sells the first at 12% loss and second at 8% gain. In this he neither gains nor loses. Find the selling price of the first cow?
A. Rs 156
B. Rs 170
C. Rs 176
D. Rs 200
Read Solution (Total 3)
-
- CP of cows = 100x+100y=500
SP of cows = 88x+108y =500
so 100x+100y = 88x+108y
12x = 8 y
3x = 2 y -(1)
x+y = 500 -(2)
solving these give x=200 y=300
so SP of first will be 88% of 200 ie 176 - 9 years agoHelpfull: Yes(3) No(1)
- Suppose, first cow was purchased for rs = x,
then second cow was purchased for rs = 500-x, (since both were purchased in rs 500)
Since,
there is no profit no loss condition, so
Selling prize of both cows = Purchasing prize
selling prize of first cow at 12% loss + selling prize of second cow at 8% profit = purchasing prize
(x-12x/100) + [ (500-x) + (500-x)8/100 ] = 500
solving the equation you will get x=200
so selling prize = 200 - 12% loss on 200
= 200 - 12*200/100
= 176 - 9 years agoHelpfull: Yes(1) No(0)
- a+b=500
12%loss=8%gain
12a=8b => b=12a/8 => 3a/2
substitute b in above equation
a+3a/2=500 => a=200 cost price of first cow , b=300 cost price of second cow
selling price of first cow= 0.88a=> 200*0.88 => 176
selling price of secondcow= 1.08a=> 300*1.08 => 324 - 7 years agoHelpfull: Yes(0) No(0)
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