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Question

Quantitative Aptitude Question on Profit and Loss

A farmer sold a cow and an ox for Rs. 800 and got a profit of 20%\% on the cow and 25%\% on the ox. If he sells the cow and the ox for Rs. 820 and gets a profit of 25%\% on the cow and 20%\% on the ox, the individual cost price of the cow and the ox is

A

Rs. 515.60, Rs. 115.60 (Approx.)

B

Rs. 531.50, Rs. 135.50 (Approx.)

C

Rs. 530.60, Rs. 130.60 (Approx.)

D

Cannot be determined

Answer

Rs. 530.60, Rs. 130.60 (Approx.)

Explanation

Solution

Let the C.P. of the cow be Rs. x and that of the ox be Rs. y
Then,
= 120%\% of x + 125%\% of y = 800
6x5+5y4=800\frac{6x}{5}+\frac{5y}{4}=800
⇒ 24x + 25y = 16000 .......(i)
And
125%\% of x + 120%\% of y = 820
5x4+6y5=820\frac{5x}{4}+\frac{6y}{5}=820
⇒ 25x + 24y = 16400 ......(ii)
Adding (i) and (ii), we get :
49x + 49y = 32400
x+y=3240049x+y=\frac{32400}{49}......(iii)
Subtracting (i) from (ii), we get :
x - y = 400 ........(iv)
Adding (iii) and (iv), we get :
2x=3240049+400=52000492x=\frac{32400}{49}+400=\frac{52000}{49}
x=2600049530.60x=\frac{26000}{49}\approx530.60
Putting x=2600049x=\frac{26000}{49} in (iii),
we get:
y=32400492600049y=\frac{32400}{49}-\frac{26000}{49}
=640049130.60=\frac{6400}{49}\approx130.60
The correct option is (C): Rs. 530.60, Rs. 130.60 (Approx.)