A person sells a table at a profit of 10% . If he had bought the table at 5% less cost and sold for Rs. 80 more, he would have gained 20% . The cost price of the table is = ?
A. Rs. 3200
B. Rs. 2500
C. Rs. 2000
D. Rs. 200
Answer: Option C
Solution(By Examveda Team)
Let the CP1 of Table = 100xInitial SP1 = 100x + 10% of 100x = 100x + 10x = 110x
Now, If He brought table at 5% discount. Therefore CP2 = 95x
Now SP2 = 95x + 20% of 95x = 95x + 19x =114x
According to question
SP2 - SP1 = 80
⇒ 114x - 110x = 80
⇒ 4x = 80
⇒ x = 20
Initial Cost of table = 100 × 20 = Rs. 2000
Join The Discussion
Comments ( 1 )
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
17X to be change in 19X