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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:

  1. A
    35,000
  2. B
    37,500
  3. C
    30,000
  4. D
    40,000

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 .

Practice this question

Try it yourself before checking the explanation above.

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:
A
35,000
B
37,500
C
30,000
D
40,000

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