Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
On selling a chair at 7% loss and a table at 17% gain, a man gains ₹ 296. If he sells the chair at 7% gain and the table at 12% gain, then he gains ₹ 400. The actual price of the table is
(a)` 1600
(b)` 1800
(c)` 2200
(d)` 2400
Answer
Answer (as printed): D
Explanation
Let C.P. of the chair be ₹ $x$ and that of the table be ₹ $y$. Then, $17\%$ of $y-7\%$ of $x=296 \Rightarrow 17y-7x=29600$ …(i) And, $12\%$ of $y+7\%$ of $x=400 \Rightarrow 12y+7x=40000$ …(ii) Solving (i) and (ii), we get: $y=2400$ and $x=1600$. $\therefore$ C.P. of table $=₹2400$.
Explanation as extracted from the printed page; notation may be imperfect.