Question

Mohit sells a table at a profit of 25%. If he reduces its selling price by Rs 240, then he suffers a loss of 5%. What was the initial selling price (in Rs) of the table?

A) 800 B) 1000 C) 1040 D) 1120

Answer 1

hii dear...

here is ur answer....

Let solve this question by 2 cases

( Case 1 ) Let the CP be x

Then SP = x + 25x/100

= 125x/100

( Case 2 ) Let the CP be x

Then SP = x - 5x/100

= 95x/100

CASE 1 - CASE 2 = Rs 240

125x/100 - 95x/100 = 240

30x/100 = 240

x = 240 × 100/3

x = Rs 8000, So CP is Rs 8000

The initial SP ( Case 1 ) = 125/100 × 8000

= 125 ×80 = Rs 10,000

Answer 2

option b is correct 1000 /