Question 56

A T.V was sold at a profit of 5% If it had been sold at a profit of 10% , the profit would have been Rs. 1000 more. What is its cost price ?

Solution

Let the cost price of the TV = $$Rs.$$ $$100x$$

If profit % = 5%

=> Profit = $$\frac{5}{100} \times 100x=Rs.$$ $$5x$$

Similarly, if profit % = 10%, profit = $$Rs.$$ $$10x$$

According to ques,

=> $$10x-5x=1000$$

=> $$5x=1000$$

=> $$x=\frac{1000}{5}=200$$

$$\therefore$$ Cost price = $$100 \times 200=Rs.$$ $$20,000$$

=> Ans - (A)

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