Question

By selling a T.V for Rs.$1,064$ a man gains $12$%. At what price did he buy the T.V?

• A. Rs.$1000$
• B. Rs.$950$
• C. Rs.$850$
• D. Rs.$900$

Answer 1

The correct option is B Rs.$950$

Let $CP=x$
Gain $=\frac{12}{100}x=\frac{3x}{25}$
SP$=\frac{3x}{25}+x=\frac{28x}{25}$
$\Rightarrow$ $\frac{28x}{25}+x=\frac{28x}{25}$
$\Rightarrow$ $\frac{28x}{25}=1,064$
$\Rightarrow$ $x=$ Rs.$950$