(a) The first term of an Arithmetic Progression (AP) is 8, the ratio of the 7th term to the 9th term is 5 : 8, find the common difference of the AP.
(b) A trader bought 30 baskets of pawpaw and 100 baskets of mangoes for N2,450.00. She sold the pawpaw at a profit of 40% and the mangoes at a profit of 30%. If her profit on the entire transaction was N855.00, find the (i) cost price of a basket of pawpaw ; (ii) selling price of the 100 baskets of mangoes.
Explanation
(a) (T_{1} = a = -8)
(frac{T_{7}}{T_{9}} = frac{5}{8})
(frac{a + 6d}{a + 8d} = frac{5}{8} implies frac{-8 + 6d}{-8 + 8d} = frac{5}{8})
(-8 + 6d = frac{5}{8}(-8 + 8d) implies -8 + 6d = -5 + 5d)
(6d – 5d = -5 + 8)
(d = 3)
(b) Let :
the cost price (CP_{1}) of a basket of pawpaw be w;
the cost price (CP_{2}) of a basket of mangoes be m.
Then (30w + 100m = N2,450 ….. (1))
Also, let :
The selling price of the baskets of pawpaw be (SP_{1});
the selling price of the baskets of mangoes be (SP_{2}).
Then (SP_{1} + SP_{2} = N(2,450 + 855) = N3,305 …… (2))
%age profit on the sale of pawpaw = (frac{SP_{1} – CP_{1}}{CP_{1}} times 100%)
i.e. (40% = frac{SP_{1} – 30w}{30w} times 100%)
(implies 40 times 3w = (SP_{1} – 30w) times 10)
(12w = SP_{1} – 30w)
(SP_{1} = 12w + 30w = 42w)
%age profit on the sale of mangoes = (frac{SP_{2} – CP_{2}}{CP_{2}} times 100%)
i.e. (30% = frac{SP_{2} – 100m}{100m} times 100%)
(implies 30m = SP_{2} – 100m)
(SP_{2} = 30m + 100m = 130m)
But (SP_{1} + SP_{2} = N3,305)
(implies 42w + 130m = 3305 …. (2))
From (1), (m = frac{2450 – 30w}{100})
(m = frac{245 – 3w}{10})
Substitute (m = frac{245 – 3w}{10}) in (3)
(42w + 130(frac{245 – 3w}{10}) = 3305)
(42w + 3,185 – 39w = 3305)
(3w = 3305 – 3185 = 120)
(w = N40.00)
(i) Hence, the cost price of a basket of pawpaw = N40.00.
(ii) From (2),
(SP_{1} + SP_{2} = 3305)
(42w + 130m = 3305 implies 42 times 40 + 130m = 3305)
(1680 + 130m = 3305)
(130m = SP_{2} = 3305 – 1680)
= (N1,625.00)
Hence, the selling point of 100 baskets of mangoes = N1,625.00.