A shopkeeper bought two items for a total of ₹60,000. He sold one item with…
2025
A shopkeeper bought two items for a total of ₹60,000. He sold one item with 25% profit and the other at 15% loss, thereby gaining 4% on the whole. What is the cost price of the item sold with profit?
- A.
₹30,000
- B.
₹29,800
- C.
₹29,200
- D.
₹28,500
- E.
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Correct answer: D
To solve this problem, we can use the method of allegation, which is a very efficient way to find the ratio of the cost prices of two items when their individual profit/loss percentages and the overall gain percentage are known.
Step-by-Step Analysis
Identify the profit/loss percentages:
Item 1 (Profit): +25%
Item 2 (Loss): -15%
Overall Gain: +4%
Apply the Allegation Method:
The allegation method allows us to find the ratio of the cost prices by taking the difference between the overall gain and the individual profit/loss percentages.
Difference 1 (between Item 2 and Overall): |4 - (-15)| = 4 + 15 = 19
Difference 2 (between Item 1 and Overall): |25 - 4| = 21
The ratio of the Cost Price of Item 1 to the Cost Price of Item 2 is therefore 19 : 21.
Divide the total cost:
Total cost = 60,000
Total parts in ratio = 19 + 21 = 40
Value of one part = 60,000 / 40 = 1,500
Cost Price of Item 1 (sold with profit) = 19 * 1,500 = 28,500
The cost price of the item sold with profit is 28,500, which corresponds to Option 4.