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A man bought two shirts for Rs. 650. He sold one of them at a gain of 7% and the other at a loss of 6%. On the whole he neither gained nor lost ? The cost of the shirts, respectively, were
1. Rs. 300, Rs. 350
2. Rs. 330, Rs. 320
3. Rs. 350, Rs. 300
4. Rs. 320, Rs. 330

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Correct Answer - Option 1 : Rs. 300, Rs. 350

Given:

The combined price of two shirts = Rs.650 

Gain on one shirt = 7%

Loss on other shirt = 6%

Calculation:

Gain on one shirt = loss on other shirt 

⇒ 7% of CP1 = 6% of CP2

⇒ CP1/CP= 6/7

⇒ CP1 = (6/13)× 650 = 300

⇒ CP2 = (7/13)× 650 = 350

The Cost price of two shirts is Rs.300 and Rs.350 only.

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