Question
Jayesh purchased two switch boards at the same price,
and sold one at a profit of 30% and the other at a profit of 23.5%. If the difference between the two selling prices is ₹780, what is the cost price of each switch board (in ₹)?Solution
Let the cost price of each switch board be ₹x. Selling prices: First: 1.30x Second: 1.235x Difference = ₹780 So, 1.30x − 1.235x = 0.065x = 780 x = 780 ÷ 0.065 = 12,000 Cost price of each switch board is ₹12,000.
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