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
Rs. 515.60, Rs. 115.60 (Approx.)
Rs. 531.50, Rs. 135.50 (Approx.)
Rs. 530.60, Rs. 130.60 (Approx.)
Cannot be determined
Rs. 530.60, Rs. 130.60 (Approx.)
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
⇒ 56x+45y=800
⇒ 24x + 25y = 16000 .......(i)
And
125% of x + 120% of y = 820
⇒ 45x+56y=820
⇒ 25x + 24y = 16400 ......(ii)
Adding (i) and (ii), we get :
49x + 49y = 32400
⇒ x+y=4932400......(iii)
Subtracting (i) from (ii), we get :
x - y = 400 ........(iv)
Adding (iii) and (iv), we get :
2x=4932400+400=4952000
⇒ x=4926000≈530.60
Putting x=4926000 in (iii),
we get:
y=4932400−4926000
=496400≈130.60
The correct option is (C): Rs. 530.60, Rs. 130.60 (Approx.)