Question Details

A sold two items, X and Y, at 25% and 35% profit, respectively. If the difference between their profit is Rs 750 and the cost price of both items is the same, find the cost price of item X.

Options

A

Rs 750

B

Rs 1750

C

Rs 7500

D

Rs 8750

E

Rs 5750

Show Answer

Correct Answer :

Option C

Rs 7500

Rs 7500

Solution :

To find the cost price of item X, let us break down the problem step-by-step:

Step 1: Define the variables
Let the cost price (CP) of both items X and Y be
CP
since the question states that the cost price of both items is the same.

Step 2: Calculate the profit for each item
Profit on item X is 25% of its cost price:
Profit on X=25% of CP=0.25×CP
Profit on item Y is 35% of its cost price:
Profit on Y=35% of CP=0.35×CP

Step 3: Set up the equation using the difference in profit
The difference between the profits of the two items is given as Rs 750. Therefore:
Profit on Y-Profit on X=750
Substituting the expressions we found:
0.35CP-0.25CP=750
0.10CP=750

Step 4: Solve for the cost price (CP)
Divide both sides of the equation by 0.10 to find the cost price:
CP=7500.10
CP=7500

Thus, the cost price of item X is Rs 7500.

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