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QUESTION
Q
If a man reduces selling price of a fan from Rs.1250 to Rs.1000 his loss increases by 20%. The cost price of the fan is...
If a man reduces selling price of a fan from Rs.1250 to Rs.1000 his loss increases by 20%. The cost price of the fan is ?
A
Rs.2650
B
Rs.2350
C
Rs.2400
D
Rs.2450
E
Rs.2500
A
Rs.2650
B
Rs.2350
C
Rs.2400
D
Rs.2450
E
Rs.2500
Solution
Let the cost price and the loss be C and L respectively.
C − 1250 = L —–(1)
C −1000 = (100 +...
Let the cost price and the loss be C and L respectively.
C − 1250 = L —–(1)
C −1000 = (100 + 20) % L
C − 1000 = 1.2L —–(2)
Subtracting Eq (1) from (2) we get
250 = 0.2L
Therefore, L = 250/0.2 = Rs.1250
Substituting L in Eq (1) we get
C = Rs.2500
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