Finding Prices / Charges Related to Buying and Selling
A man sells a...
Question
A man sells a TV at a profit of 25% of the cost. Had he sold it at a profit of 25% of the selling price his profit would have increased by 5% of the cost price plus Rs. 100. Find the cost of the TV?
A
Rs. 6000
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B
Rs. 8000
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C
Rs. 10000
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D
Rs. 7500
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Solution
The correct option is B Rs. 8000 Let the C.P of the TV =x when x is in Rs.
∴25% profit =x×25100=x4 and the S.P. =x+x4=5x4.
In the second case, by the given condition, the profit is 25% of 5x4