Sujatha purchased two articles for a total of ₹1,080. By selling one at a profit of 25% and the other at a loss of 20%, she neither gains nor incurs a loss. What is the difference (in ₹) between the cost price of the two articles?
- A120
- B100
- C80
- D150
Solution & Step-by-step Explanation
Let the cost price of the first article be CP
1
and the second article be CP
2
.
Given:
CP
1
+CP
2
=1080
Since there is overall no profit and no loss, the monetary profit on the first article must equal the monetary loss on the second article:
25% of CP
1
=20% of CP
2
100
25
×CP
1
=
100
20
×CP
2
5×CP
1
=4×CP
2
CP
2
CP
1
=
5
4
Let CP
1
=4k and CP
2
=5k.
4k+5k=1080⟹9k=1080⟹k=120
The cost prices are:
CP
1
=4×120=480
CP
2
=5×120=600
The difference between the cost prices is:
Difference=CP
2
−CP
1
=600−480=120
1
and the second article be CP
2
.
Given:
CP
1
+CP
2
=1080
Since there is overall no profit and no loss, the monetary profit on the first article must equal the monetary loss on the second article:
25% of CP
1
=20% of CP
2
100
25
×CP
1
=
100
20
×CP
2
5×CP
1
=4×CP
2
CP
2
CP
1
=
5
4
Let CP
1
=4k and CP
2
=5k.
4k+5k=1080⟹9k=1080⟹k=120
The cost prices are:
CP
1
=4×120=480
CP
2
=5×120=600
The difference between the cost prices is:
Difference=CP
2
−CP
1
=600−480=120