Question
Rohit purchased two identical items. He sold one for Rs.
920 and the other for Rs. 805, earning an overall profit of 15%. What was the cost price of each item?Solution
Let the cost price of each item be Rs. x Total cost price = Rs. 2x Total selling price = 920 + 805 = Rs. 1725 ATQ; 1725 = 2x Ă— 1.15 2x = 1725 / 1.15 2x = 1500 x = 750 So, the cost price of each item = Rs. 750
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