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.
Correct Answer :
Rs 7500
Solution :
The correct answer is Rs 7500.
We are told that A sold two items, X and Y, at 25% profit and 35% profit respectively, the difference in their profits is Rs 750, and both items have the same cost price. We need to find the cost price of item X.
Step 1: Set up a variable.
Let the cost price of both items X and Y be Rs C (since both have the same cost price).
Step 2: Express the profit earned on each item.
Profit on item X (sold at 25% profit):
Profit on item Y (sold at 35% profit):
Step 3: Use the condition that the difference in their profits is Rs 750.
Since Y is sold at a higher profit percentage, Y's profit exceeds X's profit:
Step 4: Solve for C.
Step 5: Verify the answer.
With cost price = Rs 7500:
- Profit on X at 25% = 0.25 × 7500 = Rs 1875
- Profit on Y at 35% = 0.35 × 7500 = Rs 2625
- Difference = 2625 - 1875 = Rs 750 ✓
This confirms our answer. The cost price of item X is Rs 7500.
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