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The number of tables that can be purchas...

The number of tables that can be purchased by a person in Rs.2800 gets reduced by 20 if the price is increased by 40% What is the intial price of each table ?

A

A)Rs. 40

B

B)Rs.36

C

C)Rs. 48

D

D)Rs. 56

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we can follow these steps: ### Step 1: Define Variables Let the initial price of each table be \( P \) (in Rs). ### Step 2: Determine the Number of Tables The number of tables that can be purchased with Rs. 2800 at the initial price \( P \) is given by: \[ \text{Number of tables} = \frac{2800}{P} \] ### Step 3: Calculate the Increased Price If the price of each table is increased by 40%, the new price \( P' \) is: \[ P' = P + 0.4P = 1.4P \] ### Step 4: Determine the New Number of Tables The number of tables that can be purchased at the new price \( P' \) is: \[ \text{New number of tables} = \frac{2800}{1.4P} \] ### Step 5: Set Up the Equation According to the problem, the number of tables purchased decreases by 20 when the price is increased. Therefore, we can set up the equation: \[ \frac{2800}{P} - \frac{2800}{1.4P} = 20 \] ### Step 6: Simplify the Equation To simplify the left side of the equation, we can find a common denominator: \[ \frac{2800 \cdot 1.4 - 2800}{1.4P} = 20 \] \[ \frac{2800 \cdot 0.4}{1.4P} = 20 \] ### Step 7: Solve for \( P \) Now, we can simplify further: \[ \frac{1120}{1.4P} = 20 \] Multiplying both sides by \( 1.4P \): \[ 1120 = 20 \cdot 1.4P \] \[ 1120 = 28P \] Now, divide both sides by 28: \[ P = \frac{1120}{28} = 40 \] ### Conclusion The initial price of each table is Rs. 40.
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