Given:
The cost price of two books = Rs. 410
Profit on one book is 15% and loss on another book is 10%.
The selling price of both books is equal.
Concept used:
Cost Price: The amount paid to purchase an article or the price at which an article is made is known as its cost price.
Selling Price: The price at which an article is sold is known as its selling price.
Formula Used:
Profit = Selling Price - Cost Price
Discount = Marked Price - Selling Price
Profit % = \({Profit \ \over Cost Price} × 100\)
Loss % = \({Loss \ \over Cost Price} × 100\)
Calculation:
Let the cost price of two books be 100x and 100y respectively.
The total cost price of two books = Rs. 410
⇒ 100x + 100y = 410 ----(1)
As there is the profit of 15% on 1st book
⇒ The selling price of 1st book = 100x + 15% of 100x
⇒ The selling price of 1st book = 100x + 15x = 115x ----(2)
Also, there is a loss of 10% on 2nd book,
⇒ The selling price of 2nd book = 100y - 10% of 100y
⇒ The selling price of 2nd book = 100y - 10y = 90y ----(3)
As A/Q Selling price of both the books is equal.
From equations (2) and (3), we get
⇒ 115x = 90y
⇒ 115x - 90y = 0 ----(4)
Multiplying equation (1) by 9 and (4) by 10 and adding both, we get
⇒ 900x + 1150x = 3690
⇒ 2050x = 3690
⇒ x = 3690/2050 = 1.8
⇒ Cost price of 1st book = 100x = 100 × 1.8 = Rs. 180
Putting the value of 100x in equation (1), we get
⇒ 180 + 100y = 410
⇒ 100y = 410 - 180 = 230
⇒ Cost price of 2nd book = 100y = Rs.230
∴ The cost price of both the books are Rs.180 and Rs.230.
Alternate MethodLet the selling price of both the books be 2070x each. (LCM of 115 and 90)
Now, As, in the first book, there is a profit of 15%,
⇒ Cost price of first book = (2070x/115) × 100 = 1800x ----(1)
Now, As, in the second book, there is a loss of 10%,
⇒ Cost price of second book = (2070x/90) × 100 = 2300x ----(2)
As, the total sum of cost price of two books = Rs. 410
From equations (1) and (2),
⇒ 1800x + 2300x = Rs. 410
⇒ 4100x = Rs. 410
⇒ x = 410/4100 = 1/10
From equation (1) and (2),
Cost price of first book = 1800 × 1/10 = Rs. 180
Cost price of second book = 2300 × 1/10 = Rs. 230
∴ The cost price of both the books are Rs.180 and Rs.230.