Question : If a man reduces the Selling Price of a fan from Rs. 1,250 to Rs. 1,000, his loss increases by 10%. The Cost Price of the fan is:
Option 1: Rs. 2,400
Option 2: Rs. 2,450
Option 3: Rs. 2,500
Option 4: Rs. 2,350
Answer (1)
16th Jan, 2024
Correct Answer: Rs. 2,500
Solution :
Given: If a man reduces the Selling Price of a fan from Rs. 1,250 to Rs. 1,000, his loss increases by 10%.
Let the Cost Price of the fan be Rs.
According to the question,
10% of
⇒
⇒
⇒
Hence, the correct answer is Rs. 2,500.
Comments (0)
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