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Question 92
By selling a table for Rs. 350 instead of Rs. 400, loss percent increased by 5%. The cost price of table is:
Solution
We known that,
Loss Percent = $$\frac{Cost Price - Selling Price}{Cost Price}$$
Let Cost Price be x.
Now,
Difference in percent loss will be 5%.
$$\frac{x-350}{x}$$ - $$\frac{x-400}{x}$$ = 0.05
50/x =0.05
x= 1000
Therefore, the correct option is option C.
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