Finding Prices / Charges Related to Buying and Selling
If a man redu...
Question
If a man reduces the selling price of a fan from Rs. 400 to Rs. 380 his loss increases by 4%. What is the cost price of the fan in rupees
A
600
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B
480
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C
500
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D
450
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Solution
The correct option is C500 Let the C.P. = Rs. x.
Then First loss %=(x−400)x×100=100x−40000x% Second loss %=(x−380)x×100=100x−38000x% Given, (100x−38000)x−(100x−40000)x=4 ⇒100x−38000−100x+40000=4x ⇒2000=4x