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Q.

A man sold a chair and a table together for Rs.1520 thereby making a profit of 25% on the chair and 10% on the table. By selling them together for Rs.1535 he would have made a profit of 10% on the chair and 25% on the table. Find the cost price of each


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a

C.P. of chair=Rs.800, C.P. of table=Rs.500

b

C.P. of chair=Rs.600, C.P. of table=Rs.700

c

C.P. of chair=Rs.800, C.P. of table=Rs.700

d

C.P. of chair=Rs.600, C.P. of table=Rs.500 

answer is B.

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Detailed Solution

Concept: In order to solve the given question, first we will assume 2 variables for the cost price of each. Finding relation between two variables using condition 1. Similarly from the second condition you have 2 equations of 2 variables. So, apply a substitution method to solve and get the required answer.
Here,
cost of 1 chair= x and cost of one table= y
profit on chair=25% then SP of chair= x+25100x
=100x+25x100=54x.
profit on table=10% then SP of table= y+10100y
100y+10y100=1110y.
54x+1110y=1520
25x+22y=30400..1
Now,
profit on chair=10% then SP= x+10100x=100x+10x100=1110x
profit on table=25% then SP of table= y+25100y=100y+25y100=54y
1110x+54y=1535
22x+25y=307002
Now, substrate equation (2) from(1) we will get,
3x-3y= -300
x-y=-100.3
Now Add equation (2) and (1) , we will get,
47x+47y=61100
x+y=13004
Then solve equation ( 3) and (4) ,
 x-y= -100
x+y=1300
=>2x=1200
x=600
Now putting The value of x in equation (3)
600-y= -100
-y=-700
y=700
Therefore,
CP of chair= Rs. 600 and CP of table= Rs. 700
Hence, the correct option is 2.
 
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