Total cost price (C.P.) of two cars A and B of different models is ₹5.0 lakhs. Car A is sold at a…
Let the cost prices be A and B with \(A+B=5\) lakh. Equal selling prices give \(1.2A = 0.8B\), so \(B = 1.5A\). Then \(A + 1.5A = 5\), giving \(A = 2\) lakh and \(B = 3\)…
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Total cost price (C.P.) of two cars A and B of different models is ₹5.0 lakhs. Car A is sold at a profit of 20% and car B is sold at a loss of 20%. However, the selling price of the two cars A and B remains the same. Find the cost price (C.P.) of the two cars A and B in lakhs, respectively.
Answer and explanation
Correct answer C
Let the cost prices be A and B with lakh. Equal selling prices give , so . Then , giving lakh and lakh.
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