A person sold a TV for Rs. 9,400 then he lost a particular amount. When he sold another TV of the same type at Rs. 10,600, his gain was double the former loss. What was the cost price of each TV?
Correct Answer: Description for Correct answer:
According to question,
Given, \( \underline{Loss} \)
CP - 9400 = x .......(i)
\( \underline{Profit} \)
10600 - CP = 2x ......(ii)
Put the value of eq.
(i) in eq. (ii)
\( \therefore \) 10600 - CP = 2
(CP - 9400)
10600 - CP = 2CP - 18800
3CP = 29400
CP \( =\frac{29400}{3}=9800 \)
CP = Rs. 9800
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