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By selling a chair for Rs. 350 instead of Rs. 400, loss percent increases by 5%. What is the cost price of the article?
- ARs. 650
- BRs. 950
- CRs. 1000
- DRs. 700
Answer not set
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Difference of SP = Rs. (400 – 350) = Rs. 50
Now, we can say that Rs 50 is equivalent to 5% of cost price.
⇒ 50 = 5% of CP
⇒ 50 = (5/100) × CP
⇒ CP = Rs. 1000.
Hence, the required cost price of the chair is Rs. 1000.
Now, we can say that Rs 50 is equivalent to 5% of cost price.
⇒ 50 = 5% of CP
⇒ 50 = (5/100) × CP
⇒ CP = Rs. 1000.
Hence, the required cost price of the chair is Rs. 1000.