Math Problem Statement
The present selling price of Article A after allowing a discount of 15% on its cost price, is the same as the present selling price of Article B after allowing a discount of 25% on its cost price. Earlier Ramesh had purchased 34 pieces of Article A and 32 pieces of Article B at 10% discount on its cost price for Rs. 33,480. What is the present selling price (in Rs.) of each article?
Solution
Let's define the variables for the problem:
- Let the cost price of Article A be .
- Let the cost price of Article B be .
Step 1: Relationship between selling prices
The selling price of Article A after a 15% discount on its cost price is:
Similarly, the selling price of Article B after a 25% discount on its cost price is:
It is given that the selling prices of Articles A and B are the same, so: From this equation, we can express in terms of :
Step 2: Cost of purchasing articles
Ramesh purchased 34 pieces of Article A and 32 pieces of Article B at a 10% discount on their cost prices. So the total cost paid by Ramesh is: Substituting into this equation: Simplifying this equation:
Step 3: Calculate
Now that we know , we can find :
Step 4: Calculate present selling prices
The present selling price of Article A is:
The present selling price of Article B is:
So, the present selling price of each article is approximately Rs. 450.
Would you like any further clarifications or details on this?
Here are 5 related questions you might find interesting:
- What would the selling price be if the discount for Article A was 20% instead of 15%?
- How much profit or loss did Ramesh make if he sold all articles at their present selling prices?
- What is the break-even price for both articles assuming no discount?
- If Ramesh had purchased more articles at a different discount rate, how would the overall cost change?
- How would the relationship between cost prices change if Article B had a different percentage discount?
Tip: Always double-check the interpretation of discounts, especially when solving cost and selling price problems involving multiple articles!
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Math Problem Analysis
Mathematical Concepts
Algebra
Percentage
Linear Equations
Formulas
Selling price after discount = Cost price - (Discount percentage × Cost price)
Total cost = Quantity × Discounted price
Theorems
-
Suitable Grade Level
Grades 10-12
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