A shopkeeper sold the Refrigerator and the Geyser set together for ₹30,400, thereby making a profit of 25% on the Refrigerator and 10% on the Geyser. By selling them together for ₹30,700, he would have made a 10% profit on the Refrigerator and 25% on the Geyser. Now, if the Geyser is sold at 17% profit, then the selling price (in ₹) of the Geyser is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4, i.e., 16,380.
Let cost price: Refrigerator = R, Geyser = G
Equations:
125R + 110G = 30400 × 100 = 3040000
110R + 125G = 30700 × 100 = 3070000
Solve → G = ₹14000
Selling price at 17% profit = 14000 × 117 ÷ 100 = 16380