To find the cost price of one bat, we can follow these steps:
- Set up the cost price equation for bats and balls.
- Set up the selling price equation for bats and balls with the given profit and loss percentages.
- Solve the system of linear equations to find the cost price of one bat.
Let’s go through these steps in detail:
- Set up the cost price equation for bats and balls:
Let the cost price of one bat be ‘B’ and the cost price of one ball be ‘b’. Rakesh purchased 4 bats and 10 balls, so we can write the equation:
4B + 10b = 3,650
- Set up the selling price equation for bats and balls with the given profit and loss percentages:
Rakesh sold the bats at a 30% profit and balls at a 20% loss, and his overall profit was Rs 470. The total selling price can be represented as:
4 × 1.3B + 10 × 0.8b = 3,650 + 470
Which simplifies to:
5.2B + 8b = 4,120
- Solve the system of linear equations to find the cost price of one bat:
Now we have a system of two linear equations in two variables:
(1) 4B + 10b = 3,650 (2) 5.2B + 8b = 4,120
To eliminate the variable ‘b’, multiply equation (1) by 0.8 and equation (2) by 1:
(1a) 3.2B + 8b = 2,920 (2a) 5.2B + 8b = 4,120
Now, subtract equation (1a) from equation (2a):
(3) 2B = 1,200
Now, we can find the cost price of one bat:
B = 1,200 / 2 B = Rs 600
So, the cost price of one bat is Rs 600