Let the present age of the father be 'x' and that of the son be 'y'. Then x/y = 8/3∴ 3x = 8y Further, x + 12/y + 12 = 2/1 ∴ x + 12 = 2y + 24 ∴ x - 2y = 12 ......(ii)From eqn (i) and (ii), x = 48, y = 18 ∴ sum = 66 yrs.
S.P. per metre = 8200/40 = Rs. 205∴ C.P. per metre = Rs. (205 - 25) = Rs. 180∴ C.P. of 40 metre cloth= Rs. (40 x 180) = Rs. 7200∴ Gain = Rs. (8200 - 7200) = Rs. 1000