Priya bought a gift item and a card together for ₹500. She sold the gift at 10% profit and the card at 20% profit, earning ₹65 profit in all. What was the cost price of the gift item?

Question

Accepted Answer

350. Let gift = x, card = 500 - x. 0.10x + 0.20(500 - x) = 65 → 100 - 0.10x = 65 → x = 350.

Priya bought a gift item and a card together for ₹500.
She sold the gift at 10% profit and the card at 20% profit, earning ₹65 profit in all.
What was the cost price of the gift item?

Step-by-Step Solution

Master this chapter in 30 minutes a day.

More Class 7 Profit and Loss practice

Priya bought a gift item and a card together for ₹500.She sold the gift at 10% profit and the card at 20% profit, earning ₹65 profit in all.What was the cost price of the gift item?

Step-by-Step Solution

Master this chapter in 30 minutes a day.

More Class 7 Profit and Loss practice

Priya bought a gift item and a card together for ₹500.
She sold the gift at 10% profit and the card at 20% profit, earning ₹65 profit in all.
What was the cost price of the gift item?