SOLUTION: Two table were sold at rs.990 each, one at a profit of 10%. What are the cost prices of each of the tables? In this sale, did the seller make a profit or loss? What is the percenta

Question 523238: Two table were sold at rs.990 each, one at a profit of 10%. What are the cost prices of each of the tables? In this sale, did the seller make a profit or loss? What is the percentage of profit or loss? ( Hint: In the first case, 110% of cost price is 90% of cost price is 990)
Answer by Maths68(1474) (Show Source): You can put this solution on YOUR website!
Two table were sold at rs.990 each, one at a profit of 10%. What are the cost prices of each of the tables? In this sale, did the seller make a profit or loss? What is the percentage of profit or loss? ( Hint: In the first case, 110% of cost price is 90% of cost price is 990)
Let
original price of table sold at 10% profit = x
110% of x = 990
110/100 * x = 990
11/10 *x = 990
x = 990 * 10/11
x = 9900/11 = 900

Original Price of the table sold at 10% = 900
but
the selling price was 990 = 990-900 = Rs. 90 (Profit)

Total Price of two tables = 990 + 990 = 1980
Original price of other table = 1980-900 = 1080
But
selling price was 990 = 1080-990 = 90 (loss)
Profit - loss = 90-90 = 0
Therefore seller broke even.

RELATED QUESTIONS
Dining room tables sell for $500 each. The manufacturer's total cost consists of an... (answered by richwmiller)

A carpenter undertakes to supply 2000 tables at Rs. 17.25 each. He estimates that if 10%... (answered by richwmiller)

A shopkeeper bought two TV sets at Rs 10,000 each. He sold one at a profit 10% and the... (answered by jorel555)

Hot Wheels Cycle Shop bought 16 helmets at $30 each. Some were sold for $60 each. The (answered by Prithwis)

a book seller buys 120 volumes of a certain series of books. he sells some at the... (answered by KMST)

A pair of shoes on sale is labelled "20% off the marked price". If the shoes were priced... (answered by unlockmath)

at a school exhibition, a boy had a book stall. the cost of each book was rs 50. the... (answered by mananth,josgarithmetic)

A stall in Divisoria bought 225 blouses at PhP15,750. 25 of these blouses were sold at a... (answered by JulietG)

A stall in Divisoria bought 225 blouses at PhP15,750. 25 of these blouses were sold at a (answered by ikleyn)