A man sold his furniture at a 25% gain. Had he sold at 15% loss. He wo

1.	A man sold his furniture at a 25% gain. Had he sold at 15% loss. He would have received ₹ 800 less. Find cost price of the furniture.1. Rs. 1,5002. Rs. 3,0003. Rs. 2,0004. Rs 2,500
Answer» Correct Answer - Option 3 : Rs. 2,000 Given : A man sold his furniture at 25% gain. Had he sold at 15% loss he would have received Rs.800 less Concept used : Profit = selling price - cost price = profit % on cost price Loss = cost price - selling price = loss % on cost price Calculations : Let the cost price of the item be 100x Selling price at 25% profit = cost price + profit ⇒ cost price + 25% of 100x ⇒ 100x + 25x = 125x Selling price at 15% loss = cost price - loss ⇒ 100x - 15% of 100x According to the question 125x - 85x = 800 ⇒ 40x = 800 ⇒ x = 20 ⇒ cost price = 100x ⇒ 100 × 20 = 2000 rupees ∴ Cost price of the furniture is 2000 rupees

A man sold his furniture at a 25% gain. Had he sold at 15% loss. He would have received ₹ 800 less. Find cost price of the furniture.1. Rs. 1,5002. Rs. 3,0003. Rs. 2,0004. Rs 2,500

Answer» Correct Answer - Option 3 : Rs. 2,000

Given :

A man sold his furniture at 25% gain.

Had he sold at 15% loss he would have received Rs.800 less

Concept used :

Profit = selling price - cost price = profit % on cost price

Loss = cost price - selling price = loss % on cost price

Calculations :

Let the cost price of the item be 100x

Selling price at 25% profit = cost price + profit

⇒ cost price + 25% of 100x

⇒ 100x + 25x = 125x

Selling price at 15% loss = cost price - loss

⇒ 100x - 15% of 100x

According to the question

125x - 85x = 800

⇒ 40x = 800

⇒ x = 20

⇒ cost price = 100x

⇒ 100 × 20 = 2000 rupees

∴ Cost price of the furniture is 2000 rupees

Discussion

No Comment Found

Related InterviewSolutions

What is the difference between multimolecular and macromolecular collids ? Give one example of each . How are associated colloids different from these two types of colloids ?
Gastrointestinal irritation, cardiovascular effects, including tachycardia,arrhythmias, and orthostatic hypotension, mental disturbances, and withdrawalare possible adverse effects of: A. Amantadine B. Benztropine C. Levodopa D. selegiline
Match the column I and IIColumn-IColumn-II(a)Parasitism(i)++(b)Commensalism(ii)+ –(c)Amensalism(iii)0 + (d)Mutualism(iv)0 –(1) (a) - iii, (b) - ii, (c) - iv, (d) - i (2) (a) - i, (b) - ii, (c) - iii, (d) - iv (3) (a) - ii, (b) - iii, (c) - i, (d) - iv (4) (a) - ii, (b) - iii, (c) - iv, (d) - i
Assertion: In commensalism, one organism is benefitted and other is unaffected Reason: Cattle egret bird and cattle is an example of commensalism (1) If both assertion and reason are true and reason is the correct explanation of assertion. (2) If both assertion and reason are true but reason is not the correct explanation of assertion. (3) If assertion is true but reason is false. (4) If both assertion and reason are false.
In charge of Calcutta Mint between 1832 to 1838, he studied and deciphered Ashokan rocks and pillars. His essays on antiquities are considered as classics. Hint: Varanasi. Who are we referring to?
Nature of climax community depends upon(A) Climate (B) Water (C) Soil fertility (D) Temperature
How do biofertilisers enrich the fertility of the soil?
Read carefully the passage and select the correct answer out of given four options:Biofertilizers are organisms that enrich nutrient quality of the soil. The important sources of biofertilizers are bacteria, fungi and cyanobacteria. The symbiotic association of Rhizobium with the root nodules of leguminous plants is the common example. These bacteria convert atmospheric nitrogen into nitrogenous compound and fix in the soil.The organisms which enrich the nutrient quality of the soil are called(a) Microbes(b) Biofertilizers(c) Yeast(d) Biopesticides
Electrophoresis is an essential procedure that needs to be employed in genetic fingerprinting why?
Assertion: Angiosperms form endosperm after fertilization and is diploid. Reason: In gymnosperms, endosperm is formed before fertilization and is triploid. a. Both assertion and reason are true, and reason is the correct explanation of assertion. b. Both assertion and reason are true, but reason is not the correct explanation of assertion. c. Assertion is true but reason is false. d. Both assertion and reason are false.