Question
Two vehicles, ‘E’ and ‘F’, were sold for Rs.
5000 each. The profit gained on ‘E’ is equal to the loss incurred on ‘F’. If the cost price of ‘E’ is Rs. 2500 less than that of ‘F’, find the cost price of ‘E’.Solution
Let the cost price of vehicle ‘E’ be Rs. x
Therefore, cost price of vehicle ‘F’ = Rs. (x + 2500)
According to the question,
5000 – x = x + 2500 – 5000
Or, 2x = 5000
Or, x = 2500
Therefore, cost price of vehicle ‘E’ = Rs. 2500
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