Question #8dedb

1 Answer
Nov 7, 2015

Last Years prices are exactly: Rs 57600 and Rs 82800
Used a more difficult approach when 1st attempted, Stefan's is much simpler. I have explained his in full. Virtually every step shown.

Explanation:

Let first house be x
Let the second house be y
Let unknown portion of ratio be #z#

Then year 1 #-> x_1 ; y_1#
Then year 2#-> x_2; y_2#

#color(blue)("Expressing ratios in fractional format")#

#color(red)("Do not confuse this format with fractions of the whole!")#

Year 1 #x_1/y_1 = 16/23# ....................( 1 )

Year 2# x_2/y_2=9/11#........................( 2 )

#color(blue)("Ratios expressed as fractions of the whole")#
#x_1 -> 16/(16+23)#

#y_1 -> 23/(16+23)#

.==============================================
#color(blue)("Note that keeping fractional values reduces rounding error")#

Let year 1 be #t_1#
Let year 2 be #t_2#
Where house 1 and 2 are #x " and "y#

Let #t_1 -> x_1/y_1 -= 16/23# as a ratio
Let #t_2 -> x_2/y_2 -= 9/11# as a ratio
.==============================================

#color(green)("Taking it a step at a time and expressing mathematically:")#

#color(green)("It is given that " x_2 = x_1 + 25/100 x_1)#

#color(green)(x_2 =x_1(1+1/4))#

#color(green)("That is: "x_2 =5/4x_1)#

#color(green)("It is also given that "y_2= y_1 + 5200)#

#color(green)("So " x_2/y_2 =(5/4 x_1)/(y_1+5200) = 9/11)#

#color(green)(11(5/4x_1) = 9(y_1+5200))# .....................( 3 )

.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
#color(brown)("Changing two unknowns to just 1, making it solvable.")#

#color(brown)("But from (1) "y_1 = 23/16 x_1)# ............( 4 )

#color(brown)("Substitute (4) into (3) giving:")#

#color(brown)(55/4x_1 = 9(23/16x_1) + 9(5200))#

#color(brown)("Collecting like terms")#

#color(brown)(55/4x_1 -9(23/16x_1)= 9(5200))#

#color(brown)(x_1(55/4 - 207/16)=46800)#

#color(brown)(13/16x_1= 46800)#
.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

#color(red)(x_1 =16/13 times 46800 =Rs57600)#...... (5)

so at #t_1 x_1/y_1 = 16/23 = 57600/y_1#

#color(red)(y_1 = (23 times 57600)/16= Rs82800) #

Check: #57600/82800 = 16/23#