Bissoy.com
Doctors Medicines MCQs Q&A

A person buys 4 fans and 9 watches for Rs. 26800. If he sells fans at 10% profit and watches at 20% profit, he gets a profit of Rs. 3760. What is the total cost price of 2 fans and 3 watches?

A person buys 4 fans and 9 watches for Rs. 26800. If he sells fans at 10% profit and watches at 20% profit, he gets a profit of Rs. 3760. What is the total cost price of 2 fans and 3 watches? Correct Answer Rs. 11600

Given:

Cost Price of 4 fans and 9 watches = Rs. 26800

Profit = Rs. 3760

Formula Used:

Profit% = (SP - CP)/CP × 100

Loss% = (CP - SP)/CP × 100

where CP → Cost Price, SP → Selling Price

Calculations:

Let the cost price of 1 fan be x and 1 watch be y

4x + 9y = 26800      ----(1)

Selling Price of fan = 1.1 × 4x = 4.4x

Selling Price of watches = 1.2 × 9y = 10.8y

So now

4.4x + 10.8y = 26800 + 3760 = 30560      ----(2)

Solving (1) and (2) simultaneously

x = 4000

y = 1200

now calculating

 total cost price of 2 fans and 3 watches = 2x + 3y = (2 × 4000) + (3 × 1200)

 total cost price of 2 fans and 3 watches = 8000 + 3600 = 11600

∴  total cost price of 2 fans and 3 watches is Rs. 11600

Related Questions

Given below are quantities named A,B and C. Based on the given information, you have to determine the relation between the quantities. You should use the given data and your knowledge of mathematics to choose among the possible answer. Shrikant sells an item to Dharmesh at 30% profit. Dharmesh sells it to Rahul at 40% profit and Rahul sells it to Prashant at Rs. 350 profit. The difference between the cost price of Prashant and the cost price of Shrikant is Rs. 1252. How much did Dharmesh pay to Shrikant for the item? Quantity A: Cost price of Prashant Quantity B: Cost price of Dharmesh Quantity C: Cost price of Rahul
The bar graph given below shows the cost price and selling price of 5 articles. Profit amount = Selling price – Cost price Loss amount = Cost price – Selling price Profit percent/Loss percent = [(Profit/Loss)/Cost price] × 100 Which of the following statement(s) is/are not correct? I. If the cost price of A and E gets interchanged, then there will be a loss of 24 percent on E. II. Profit earned on D is 25 percent.
A shopkeeper has 11 books of same cost price. He sells the first book at certain price, then he sells second book at a price which is Rs. 1 less than the selling price of first book and then he sells third book at a price which is Rs. 1, less than the selling price of second book. Following this pattern, he sold all 11 books. If he sells sixth book at its cost price. Find the over-all percent profit or loss on selling all 11 books = ?
A man buys two watches ‘A’ and ‘B’ at a total cost of Rs. 800. He sells both watches at the same selling price, and earns a profit of 18% on watch ‘A’ and incurs a loss of 22% on watch ‘B’. What are the cost prices of the two watches? (Two-place after the decimal).
A shopkeeper sells two varieties of rice at 15% profit and 10% profit respectively. He mixes both varieties and marks the price 40% above the cost price and gives the discount of 20% on marked price. The cost price of rice which he sells at 10% profit is Rs. 3000. Find the cost price of rice which he sells at 15% profit.
Shikha went to the market to purchase five fans. The cost of the first fan is 25% more than the second fan and price of third fan is 20% less than fourth fan and price of fifth fan is 16% more than price of fourth fan. Price of the fourth fan is 3/4th of the second fan’s price. If the average cost of the first three fans was Rs.35 more than of the last three fans. What is  the cost of the second costliest fan?
A man purchases articles and markup its price by 80%. While selling, he gives certain offers. If a person buys only 1 article, then no discount is given but if a person buys 2 articles, then a discount of 20% is given on 2nd article and 40% discount on each 2nd and 3rd article if a person buys 3 articles. What is the profit percentage of man if he sells 2 articles to person A and 3 articles to person B?
A man purchases articles and markup its price by 80%. While selling, he gives certain offers. If a person buys only 1 article, then no discount is given but if a person buys 2 articles, then a discount of 20% is given on 2nd article and 40% discount on each 2nd and 3rd article if a person buys 3 articles. What is the profit percentage of the man if he sells 2 articles to person A and 3 articles to person B?
A shopkeeper buys 50 kg of sugar from a dealer, keeps 5 kg for his own use, and tries to sell the rest at a certain fixed price. He sells 15 kg at that fixed price. Then, he offers a discount of 10% and sells 10 kg at this discounted price. Finally, he offers an additional 25% discount over the discounted price and manages to sell all the sugar he had left with him. He gets a total of Rs.1,875 after selling the sugar and makes an overall profit of 20%. If he could have sold the entire 50 kg sugar at its original fixed price without any discount, then what would have been his profit percentage?
A person marked up the price of a article by 45% above its cost price and then offers a discount of 20% to another person. Another person sells it for Rs.9 more than the price at which he purchased it. If another person’s selling price is 25% more than the original cost price of the article. What is the profit percentage of another person?