A man sold a chair and a table for Rs 2178, thereby making a profit of 12% on chair and 16% on the table. By selling them for Rs 2154, he gains 16% on the chair and 12% on the table. Find the cost price of each.

Asked by salonimittal2003 | 5th May, 2019, 11:31: PM

Expert Answer:

Let the cost price of a chair and table be x and y respectively.
According to the question,
x + 12x/100 + y + 16y/100 = 2178
112x + 116y = 217800 ....(i)
Also
x + 16x/100 + y + 12y/100 = 2154 
116x + 112y = 215400 ...(ii)
 
Solving (i) and (ii) we get x = Rs. 650 and y = Rs. 1250

Answered by Sneha shidid | 6th May, 2019, 10:09: AM