On selling a television at a profit and a fridge at a profit, a shopkeeper gains . However, if the shopkeeper sells the television at a profit and the fridge at a loss, he gains on the whole transaction. The cost price (in ) of the fridge is:
- A35,000
- B37,500
- C30,000
- D40,000
Solution & Step-by-step Explanation
Let the cost price of the television be and the cost price of the fridge be .From the first condition:
From the second condition:
To find the cost price of the fridge (), we eliminate :Multiply Equation 1 by :
Multiply Equation 2 by :
Subtract the second derived equation from the first:
Thus, the cost price of the fridge is .
From the second condition:
To find the cost price of the fridge (), we eliminate :Multiply Equation 1 by :
Multiply Equation 2 by :
Subtract the second derived equation from the first:
Thus, the cost price of the fridge is .