ABC26GN2733 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

If a man reduces the selling price of a fan from ₹ 400 to ₹ 380, his loss increases by 2\%. The cost price of the fan is

(a)₹ 480

(b)₹ 500

(c)₹ 600

(d)None of these

Answer

Answer (as printed): D

Explanation

Let C.P. be ₹ $x$. Then, 2\% of $x=(400-380)=20$ $$\Rightarrow \frac{x}{50}=20 \Rightarrow x=1000 .$$

Explanation as extracted from the printed page; notation may be imperfect.