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By selling a table for Rs. 350 instead o...

By selling a table for Rs. 350 instead of Rs. 400, loss per cent increases by 5%. The cost price of the table is :

A

Rs. 1050

B

Rs. 417.50

C

Rs. 435

D

Rs. 1000

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of the table based on the information provided, we can follow these steps: ### Step 1: Understand the Selling Prices The table was originally supposed to be sold for Rs. 400 but was sold for Rs. 350. ### Step 2: Calculate the Loss The loss incurred when selling at Rs. 350 can be calculated as: - Loss = Cost Price (CP) - Selling Price (SP) - Loss = CP - 350 ### Step 3: Determine the Increase in Loss Percentage According to the problem, the loss percentage increases by 5% when the selling price changes from Rs. 400 to Rs. 350. Let the original loss percentage when selling at Rs. 400 be \( x \% \). Therefore, the new loss percentage when selling at Rs. 350 is \( (x + 5) \% \). ### Step 4: Set Up the Equation for Loss Percentages The loss when selling at Rs. 400 can be expressed as: - Loss at Rs. 400 = CP - 400 - Loss Percentage at Rs. 400 = \(\frac{CP - 400}{CP} \times 100 = x\) The loss when selling at Rs. 350 is: - Loss at Rs. 350 = CP - 350 - Loss Percentage at Rs. 350 = \(\frac{CP - 350}{CP} \times 100 = x + 5\) ### Step 5: Write the Equations From the above, we can write two equations: 1. \(\frac{CP - 400}{CP} \times 100 = x\) 2. \(\frac{CP - 350}{CP} \times 100 = x + 5\) ### Step 6: Solve the Equations From equation 1, we can express \( x \): \[ x = \frac{CP - 400}{CP} \times 100 \] From equation 2, we can express \( x + 5 \): \[ x + 5 = \frac{CP - 350}{CP} \times 100 \] ### Step 7: Substitute and Simplify Substituting the value of \( x \) from the first equation into the second gives: \[ \frac{CP - 400}{CP} \times 100 + 5 = \frac{CP - 350}{CP} \times 100 \] ### Step 8: Clear the Fractions Multiply through by \( CP \) to eliminate the denominators: \[ (CP - 400) \times 100 + 5CP = (CP - 350) \times 100 \] ### Step 9: Expand and Rearrange Expanding both sides: \[ 100CP - 40000 + 5CP = 100CP - 35000 \] Combine like terms: \[ -40000 + 5CP = -35000 \] \[ 5CP = 5000 \] ### Step 10: Solve for Cost Price Divide both sides by 5: \[ CP = 1000 \] ### Conclusion The cost price of the table is Rs. 1000. ---
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