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Question

A man bought two dogs for Rs. 2600. He sold one of them at a loss of 28% and the other at a profit of 36%. If each dog was sold for the same price. The cost price of the dog which was sold at loss was?

This question was previously asked in
ESIC UDC Mains MBT (30 Apr 2022)
The correct answer is

Rs. 1700

Dog Sale Calculation: Finding Cost Price with Loss and Profit

This problem involves calculating the cost price of one of the dogs when two items are sold under different profit/loss conditions but at the same selling price.

Understanding the Problem

  • Total Cost Price (CP) for two dogs = Rs. 2600.
  • Dog 1: Sold at a loss of 28%.
  • Dog 2: Sold at a profit of 36%.
  • Selling Price (SP) for both dogs is the same.
  • Objective: Find the Cost Price (CP) of the dog sold at a loss.

Setting up the Equations

Let $CP_1$ be the cost price of the first dog (sold at a loss) and $CP_2$ be the cost price of the second dog (sold at a profit).

From the problem statement, we have:

  1. $CP_1 + CP_2 = 2600$

The selling price (SP) for the first dog (sold at 28% loss) is:

$SP = CP_1 \times (1 - \frac{28}{100}) = CP_1 \times (1 - 0.28) = CP_1 \times 0.72$

The selling price (SP) for the second dog (sold at 36% profit) is:

$SP = CP_2 \times (1 + \frac{36}{100}) = CP_2 \times (1 + 0.36) = CP_2 \times 1.36$

Since the selling prices are the same for both dogs:

  1. $CP_1 \times 0.72 = CP_2 \times 1.36$

Solving for the Cost Price

We need to find $CP_1$. We can express $CP_2$ in terms of $CP_1$ using the first equation:

$CP_2 = 2600 - CP_1$

Now, substitute this expression for $CP_2$ into the second equation:

$CP_1 \times 0.72 = (2600 - CP_1) \times 1.36$

Expand the right side of the equation:

$0.72 \times CP_1 = 2600 \times 1.36 - 1.36 \times CP_1$

$0.72 \times CP_1 = 3536 - 1.36 \times CP_1$

Now, gather all terms involving $CP_1$ on one side:

$0.72 \times CP_1 + 1.36 \times CP_1 = 3536$

Combine the $CP_1$ terms:

$2.08 \times CP_1 = 3536$

Finally, solve for $CP_1$ by dividing both sides by 2.08:

$CP_1 = \frac{3536}{2.08}$

$CP_1 = 1700$

Conclusion

The cost price of the dog which was sold at a loss of 28% is Rs. 1700.

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Similar Questions

  1. An article was purchased for Rs.7000. Later its price was marked up by 30%. It was sold at a discount of 10% on the marked-up price. What was the profit percent on the cost price?


Important Questions from Profit and Loss

  1. Aman has certain number of notes of denomination ₹20 and ₹10 which amount to ₹390. If the numbers of notes of each kind are interchanged, then the new amount is ₹90 less than before. Find the number of notes of ₹20 denomination.

  2. What is the % profit on the cost price of an article if there is a profit of 20% on the selling price?

  3. An article was purchased for Rs.7000. Later its price was marked up by 30%. It was sold at a discount of 10% on the marked-up price. What was the profit percent on the cost price?

  4. An article when sold at a discount of Rs. 100, the shopkeeper earns the profit of 140% and if it is sold at no discount, then profit will be 220%. Find the CP of the article.

  5. A and B started business together by investing Rs. 45,000 in ratio of 2 : 3. If after 3 months C invests Rs. 30,000 then what would be the ratio of their profit sharing at end of one year (A : B : C)?

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