Two electronic musical instruments were purchased for Rs 9000. The first was…
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Two electronic musical instruments were purchased for Rs 9000. The first was sold at a profit of 40% and the second at a loss of 40%. If the sale price was the same in both the cases, what was the cost price (in Rs) of the electronic musical instruments ?
- A.
2400, 6600
- B.
3300, 5700
- C.
2700, 6300
- D.
3000, 6000
Attempted by 46 students.
Show answer & explanation
Correct answer: C
Answer: 2700, 6300
Let the cost prices be x and 9000 − x.
Selling price of the first item (40% profit) = x × 1.4
Selling price of the second item (40% loss) = (9000 − x) × 0.6
Equate the two selling prices: x × 1.4 = (9000 − x) × 0.6
Solve: 1.4x = 5400 − 0.6x ⇒ 1.4x + 0.6x = 5400 ⇒ 2x = 5400 ⇒ x = 2700
Therefore the other cost = 9000 − 2700 = 6300
Check: First SP = 2700 × 1.4 = 3780; second SP = 6300 × 0.6 = 3780. Both equal, so the answer is correct.