Question
Quantitative Aptitude Question on Profit and Loss
A trader purchases a watch and a wall clock of Rs. 390. He sells them making a profit of 10% on the watch and 15% on the wall clock. He earns a profit of Rs. 51.50. The difference between the original prices of the wall clock and the watch is equal to
Rs. 110
Rs. 100
Rs. 80
Rs. 120
Rs. 110
Solution
So the sum of the profit on the watch and the wall = Rs. 51.50
Now the profit on the watch = (10%) X
And the profit on the wall clock = (15%) (390 – X)
Therefore,
(10$$$%)X+(15%)(390–X)=51.50Nowsimplifytheaboveequationwehave,⇒\frac{10}{100}X+\frac{15}{100}(390-X)=51.50⇒0.1X+0.15(390)-0.15X=51.50⇒-0.05X+58.5=51.50⇒0.05X=58.5-51.5=7⇒X=70.05=140$
So the cost price of the watch is 140 Rs.
And the cost price of the wall clock = (390 – 140) = 250 Rs.
Now the difference of the original prices of the wall clock and the watch is
Therefore, (250 – 140) = 110 Rs.
The correct option is (A): Rs. 110