A shopkeeper buys two TV 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 ₹700, find the cost price of each TV set?
Let cost price of the TV is = x
By selling of one TV he gain 20% profit
So, profit ![]()
Selling price ![]()
And the other set he sell at 5% loss
Selling price ![]()
According to the question, difference in selling price is 700
1.2x–0.95x = 700
0.25x = 700
![]()
x = 2800
Cost price of TV is Rs. 2800
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