A farmer sold a cow and an ox for ₹ 800 and got a profit of 20% on the cow and 25% on the ox. If he sells the cow and the ox for ₹ 820 he gets a profit of 25% on the cow and 20% on the ox. The individual cost price of the cow and the ox is
Aptitude
Profit and Loss
Difficulty: Hard
Choose an option
-
A₹ 530.60, ₹ 130.60 (approx)
-
B₹ 515.60, ₹ 115.60 (approx)
-
C₹ 531.50, ₹ 135.50 (approx)
-
DCannot be determined
Answer
Correct Answer: ₹ 530.60, ₹ 130.60 (approx)
Explanation
### Concept & Simultaneous Equations
When given two different combinations of profit percentages and their corresponding total selling prices, we can establish a system of linear equations to solve for the individual cost prices.
### Step-by-Step Solution
* Let the Cost Price of the cow be $C$ and the ox be $O$.
* From the first condition (Selling Price = ₹ 800):
$1.20C + 1.25O = 800$ (Equation 1)
* From the second condition (Selling Price = ₹ 820):
$1.25C + 1.20O = 820$ (Equation 2)
* Multiply both equations by 100 to remove decimals:
$120C + 125O = 80000$
$125C + 120O = 82000$
* Add both equations together:
$245C + 245O = 162000 \Rightarrow 245(C + O) = 162000 \Rightarrow C + O = \frac{162000}{245} \approx 661.22$
* Subtract the first equation from the second equation:
$5C - 5O = 2000 \Rightarrow C - O = \frac{2000}{5} = 400$
* Now we have a simple system:
$C + O = 661.22$
$C - O = 400$
* Add these two simplified equations:
$2C = 1061.22 \Rightarrow C = 530.61$
* Substitute $C$ back to find $O$:
$530.61 - O = 400 \Rightarrow O = 130.61$
### Exam Strategy & Shortcut
Whenever you see symmetrical coefficients (e.g., $aX + bY$ and $bX + aY$), adding and subtracting the equations is the fastest way to reduce them to simple $X + Y$ and $X - Y$ formats, bypassing messy direct substitution.
### Common Pitfall
Attempting to solve the system by substitution straight from the decimal equations, which leads to highly complex fraction calculations and increased risk of arithmetic errors.
### Final Answer
Therefore, the correct answer is **₹ 530.60, ₹ 130.60 (approx)**.