Question 46

Cost price of two beds are equal. One bed is sold at a profit of 30% and the other one for Rs. 5,504/less than the first one. If the overall profit earned after selling both the beds is 14%, what is the cost price of each bed ?

Solution

Let the cost price of each bed Rs C per bed

Selling price of one bed (S1) = 1.3 C

Selling Price of another friend (S2) = 1.3C - 5504

it is given that overall profit is 14 % on selling both beds so ,

S1 + S2 = 1.14(2C)

1.3C + 1.3C - 5504 = 2.28C

0.32C = 5504

C = Rs 17200

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