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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

Mathematics

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Step-by-step solution

5 steps
  1. Define variables for the cost prices.

    Let CSC_S be the cost price of the suit.
    Let CHC_H be the cost price of the shirt.

  2. 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 CS+0.20CS=1.20CSC_S + 0.20 C_S = 1.20 C_S.
    The profit on the shirt is 10%, so its selling price is CH+0.10CH=1.10CHC_H + 0.10 C_H = 1.10 C_H.
    This gives us the first equation:

    1.20CS+1.10CH=14800(1)1.20 C_S + 1.10 C_H = 14800 \quad (1)
  3. 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 CS+0.10CS=1.10CSC_S + 0.10 C_S = 1.10 C_S.
    If the profit on the shirt were 20%, its selling price would be CH+0.20CH=1.20CHC_H + 0.20 C_H = 1.20 C_H.
    This gives us the second equation:

    1.10CS+1.20CH=15100(2)1.10 C_S + 1.20 C_H = 15100 \quad (2)
  4. Solve the system of linear equations.

    We have the system:

    1. 1.2CS+1.1CH=148001.2 C_S + 1.1 C_H = 14800
    2. 1.1CS+1.2CH=151001.1 C_S + 1.2 C_H = 15100

    Multiply equation (1) by 1.2 and equation (2) by 1.1 to eliminate CHC_H:
    1.2×(1.2CS+1.1CH)=1.2×14800  ⟹  1.44CS+1.32CH=17760(3)1.2 \times (1.2 C_S + 1.1 C_H) = 1.2 \times 14800 \implies 1.44 C_S + 1.32 C_H = 17760 \quad (3)
    1.1×(1.1CS+1.2CH)=1.1×15100  ⟹  1.21CS+1.32CH=16610(4)1.1 \times (1.1 C_S + 1.2 C_H) = 1.1 \times 15100 \implies 1.21 C_S + 1.32 C_H = 16610 \quad (4)

    Subtract equation (4) from equation (3):
    (1.44CS+1.32CH)−(1.21CS+1.32CH)=17760−16610(1.44 C_S + 1.32 C_H) - (1.21 C_S + 1.32 C_H) = 17760 - 16610
    0.23CS=11500.23 C_S = 1150

    CS=11500.23=5000C_S = \frac{1150}{0.23} = 5000
  5. Substitute the value of CSC_S into one of the original equations to find CHC_H.

    Using equation (1):
    1.2(5000)+1.1CH=148001.2(5000) + 1.1 C_H = 14800
    6000+1.1CH=148006000 + 1.1 C_H = 14800
    1.1CH=14800−60001.1 C_H = 14800 - 6000
    1.1CH=88001.1 C_H = 8800

    CH=88001.1=8000C_H = \frac{8800}{1.1} = 8000

    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 GH¢5000\boxed{\text{GH¢}5000}.
    The cost price of the shirt is GH¢8000\boxed{\text{GH¢}8000}.

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