Question
Download Solution PDFThe prices of two metals A and B are in a 4:1 ratio. The cost of A increased by 30%, while the combined cost of A and B increased by 25% to Rs 2125. By what amount did increase?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Initial price ratio of metal A and B = 4 : 1
Combined cost of A and B after a 25% increase = ₹2125
Increase in the cost of A = 30%
Formula Used:
Let the initial prices of A and B be 4x and x respectively.
Initial combined cost = 4x + x = 5x
Increased combined cost = Initial combined cost + 25% of Initial combined cost
Increased cost of A = Initial cost of A + 30% of Initial cost of A
Increase in the cost of B = Increased combined cost - Increased cost of A - Initial cost of B
Calculations:
Initial combined cost = 5x
Increased combined cost = 5x + 0.25 × 5x = 5x + 1.25x = 6.25x
We are given that the increased combined cost is ₹2125.
6.25x = 2125
x = 2125 / 6.25 = 340
Initial price of A = 4x = 4 × 340 = ₹1360
Initial price of B = x = ₹340
Increased cost of A = 1360 + 0.30 × 1360 = 1360 + 408 = ₹1768
Increased combined cost = ₹2125
Increased cost of B = Increased combined cost - Increased cost of A
Increased cost of B = 2125 - 1768 = ₹357
Increase in the cost of B = Increased cost of B - Initial cost of B
Increase in the cost of B = 357 - 340 = ₹17
∴ The cost of B increased by ₹17.
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