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By selling a table for 350 instead of 40...

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

A

1050

B

417.5

C

435

D

1000

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The correct Answer is:
To solve the problem step by step, we need to determine the cost price of the table based on the information provided. ### Step 1: Understand the given information We know that the table is sold for Rs. 350 instead of Rs. 400, and the loss percentage increases by 5%. ### Step 2: Define variables Let the cost price (CP) of the table be Rs. x. ### Step 3: Calculate the loss at both selling prices 1. **Selling Price (SP1)** = Rs. 400 - Loss when sold at SP1 = CP - SP1 = x - 400 - Loss Percentage when sold at SP1 = \(\frac{CP - SP1}{CP} \times 100 = \frac{x - 400}{x} \times 100\) 2. **Selling Price (SP2)** = Rs. 350 - Loss when sold at SP2 = CP - SP2 = x - 350 - Loss Percentage when sold at SP2 = \(\frac{CP - SP2}{CP} \times 100 = \frac{x - 350}{x} \times 100\) ### Step 4: Set up the equation based on the increase in loss percentage According to the problem, the loss percentage increases by 5% when the selling price is reduced from Rs. 400 to Rs. 350. Therefore, we can write the equation as: \[ \frac{x - 350}{x} \times 100 = \frac{x - 400}{x} \times 100 + 5 \] ### Step 5: Simplify the equation 1. Remove the percentage by dividing both sides by 100: \[ \frac{x - 350}{x} = \frac{x - 400}{x} + \frac{5}{100} \] \[ \frac{x - 350}{x} = \frac{x - 400}{x} + 0.05 \] 2. Multiply through by x to eliminate the denominator: \[ x - 350 = x - 400 + 0.05x \] 3. Rearranging gives: \[ x - 350 = x - 400 + 0.05x \] \[ -350 + 400 = 0.05x \] \[ 50 = 0.05x \] ### Step 6: Solve for x Now, we can solve for x: \[ x = \frac{50}{0.05} = 1000 \] ### Conclusion The cost price of the table is Rs. 1000.
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