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A person sold a TV for $ 9,400 and he lost a particular amount. When he sold another TV of the same type at $ 10,600, his gain was double the former loss. What was the cost price of each TV ?
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- $ 9,800
- $ 10,000
- $ 10,200
- $ 10,400
Correct Option: A
Let CP of each TV be y.
According to the question,
2(y – 9400) = 10600 – y
⇒ 2y – 18800 = 10600 – y
⇒ 3y = 10600 + 18800 = 29400
| ⇒ y = | = $ 9800 | 3 |
Therefore , the cost price of each TV is $ 9800 .
