Pappu purchases 2 gadgets for Rs. 1120. He sells one at 15% profit and the other at 10% loss. He nei

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31 May 2019 Profit & Loss

Pappu purchases 2 gadgets for Rs. 1120. He sells one at 15% profit and the other at 10% loss. He neither gains nor loses. The difference in the cost prices of 2 gadgets is?

OPtion

1) 244
2) 240
3) 248
4) 222
5) 260
6) 224
7) 284
8) 264
9) 268
10) None of these

Solution

Let the price of the 2 gadgets be x and y.
Thus x+y=1120
Now let x be sold at 15% profit and y be sold at 10% loss.
Thus 115x+90y=112000
Or 115x - 90(1120-x) = 112000
Or 115x - 90x + 100800 = 112000
Or 25x = 11200
Or x = 448
Thus y = 672

Difference = 672-448 = 224

Correct Option: 6 Best Solution (7)