A shopkeeper buys two T.V sets of the same type. He sells one of them at a profit of 20% and the other at a loss of 5%. If the difference in selling prices is Rs 700, find the cost price of each T.V set
Let the CP of each T.V. set be Rs x.
∴SP of first T.V. set = =
SP of second T.V. set = =
According to the question, difference in selling prices = 700
Thus, CP of each T.V. set = Rs 2800.