A man sold one watch and one pen for Rs. 492 and Rs. 168 respectively gaining 10%
of the total cost price of the two articles. Had he sold the watch for Rs. 435 and the
pen at its cost price, he would have lost 5% on the total cost price. Find the cost price
of the watch.
Answers & Comments
Verified answer
Answer: Rs.465
Step-by-step explanation:
This Question can be solved in two parts.
PART 1: Finding total cost price
Given
Selling Price (SP-1) of Pen = Rs. 168
Selling Price (SP-2) of Watch = Rs. 492
Total selling price (SP) = Rs.660
Gain percentage = 10%
FORMULA:
[tex]gain\% = \frac{profit}{cost \: price} \times 100 \\ \\ gain = selling \: price \: - cost \: price[/tex]
SOLUTION
Using above two equations, we will find the total cost price of the articles.
Gain% = Profit / CP × 100
=> 10 = (SP - CP)/CP × 100
=> 10 = (660 - CP)/CP × 100
=> 10 = (66000 - 100CP)/CP
=> 10CP = 66000 - 100CP
=> 110CP = 66000
=> CP = 600
Hence the cost price of watch + pen = Rs.600
PART 2: FINDING INDIVIDUAL CP
According to the 2nd case we are given:
Given
Watch SP = Rs.435
Pen SP = Pen CP = Let it be y.
Total Selling price = Rs.(435 + y)
Loss Percentage = 5%
Total CP = Rs.600 (as calculated)
FORMULA:
Loss % = Loss/CP × 100
Loss = Cost Price - Selling Price
SOLUTION
Loss% = Loss/CP × 100
=> 5 = (CP - SP)/CP × 100
=> 5 = [600-(435+y)]/600 × 100
=> 5 = (165 - y)/6
=> 30 = 165 - y
=> y = 165 - 30
=> y = 135
Now, we got the selling price which is equals to the cost price of the pen = Rs.135.
Total cost price = Rs.600
Hence cost price of watch is 600 - 135 = 465
Hence, the cost price of watch is Rs.465
Answer:
₹465
Step-by-step explanation:
Let the CP of 1 watch be x and that of 1 pen be y.
So, According to question,
(492-x)+(168-y)/(x+y) * 100 = 10
x+y = 4920-10x+1680-10y
11x+11y = 6600
x+y = 600.....(1)
Also,
(x-435) /(x+y) *100 = 5
x+y = 20x-8700
Putting x+y=600 from eq(1) , we get
20x-8700 = 600
20x = 9300
x = 465
So, the cost price of 1 watch is ₹ 465.