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A tailor sold a suit and a shirt for GH¢14,800, making a 20% profit on the suit and a 10% profit on the shirt. If he had sold the suit for a 10% profit and the shirt for a 20% profit, he would have re
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Step-by-step solution
5 stepsDefine variables for the cost prices.
Let be the cost price of the suit.
Let be the cost price of the shirt.Formulate equations based on the first scenario.
In the first scenario, the total selling price is GH¢14,800.
The profit on the suit is 20%, so its selling price is .
The profit on the shirt is 10%, so its selling price is .
This gives us the first equation:Formulate equations based on the second scenario.
In the second scenario, the total selling price is GH¢15,100.
If the profit on the suit were 10%, its selling price would be .
If the profit on the shirt were 20%, its selling price would be .
This gives us the second equation:Solve the system of linear equations.
We have the system:
Multiply equation (1) by 1.2 and equation (2) by 1.1 to eliminate :
Subtract equation (4) from equation (3):
Substitute the value of into one of the original equations to find .
Using equation (1):
The cost price of the suit is GH¢5000.
The cost price of the shirt is GH¢8000.The cost price of the suit is .
The cost price of the shirt is .
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