two jackets were bought at the same cost. one was sold at a profit of 9 % and the other at a profit of 15 % . if the difference in the selling price of both the jackets was ₹ 105 , then what was the cost price of each jacket?
The cost price of each jacket is ₹1750.
Step-by-step solution
Let the cost price of each jacket be CPCPCP.
1. Write selling prices using profit percentages
- First jacket: sold at a profit of 9%
Selling price SP1=CP+9% of CP=1.09×CPSP_1=CP+9%\text{ of }CP=1.09\times CPSP1=CP+9% of CP=1.09×CP.
- Second jacket: sold at a profit of 15%
Selling price SP2=CP+15% of CP=1.15×CPSP_2=CP+15%\text{ of }CP=1.15\times CPSP2=CP+15% of CP=1.15×CP.
2. Use the given difference in selling prices
The difference in their selling prices is ₹105:
SP2−SP1=105SP_2-SP_1=105SP2−SP1=105
1.15CP−1.09CP=1051.15CP-1.09CP=1051.15CP−1.09CP=105
0.06CP=1050.06CP=1050.06CP=105
3. Solve for CP
CP=1050.06=1750CP=\frac{105}{0.06}=1750CP=0.06105=1750
So, the cost price of each jacket = ₹1750.
Answer: Each jacket was bought for ₹1750. ✅
TL;DR: Difference of 6% profit on the same cost equals ₹105, so 6% of CP is 105 → CP = 105 ÷ 0.06 = 1750.