I bought two pendants for ₹1,200. I sold the first one at a loss of 10% and the second at a gain of 14%. If, on the whole I made neither a loss nor a gain, find the cost price (in ₹) of the first pen…

Question

I bought two pendants for ₹1,200. I sold the first one at a loss of 10% and the second at a gain of 14%. If, on the whole I made neither a loss nor a gain, find the cost price (in ₹) of the first pendant.

PYQPulse · Accepted Answer

700

PYQPulse · Answer

Explanation: Given Total Cost Price (CP) = ₹1,200 Loss on first pendant = 10% Gain on second pendant = 14% Overall transaction results in no profit and no loss. Solution Let the CP of the first pendant be x and the second be y. x + y = 1200 Since there is no profit and no loss, the loss amount equals the gain amount. 10 ​ ​ Substitute y in the first equation: 5x ​ + x = 1200 7 ​ 12x = 1200​ 7 ​ 12x = 8400 x = 700 The cost price of the first pendant is ₹700. Final Answer So the correct answer is (d)

I bought two pendants for ₹1,200. I sold the first one at a loss of 10% and the second at a gain of 14%. If, on the whole I made neither a loss nor a gain, find the cost price (in ₹) of the first pendant.

Answer: D. 700

Explanation

I bought two pendants for ₹1,200. I sold the first one at a loss of 10% and the second at a gain of 14%. If, on the whole I made neither a loss nor a gain, find the cost price (in ₹) of the first pendant.

Answer: D. 700

Explanation