If a men reduces selling price of a fan from Rs 400 to Rs., 380 , his loss increases by 2 % . The&nb

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7.Profit and Loss

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If a men reduces the selling price of a fan from $Rs$ $400$ to $Rs.\, 380$, his loss increases by $2 \%$. The cost price of the fan is (in $Rs.$)

A

$480$

B

$500$

C

$600$

D

$1000$

Solution

Let $Rs.$ $x$ be the cost price of the fan.

$\therefore \quad 400-380=20=2 \%$ of $x=\frac{2}{100} x$

$\therefore \quad x=\frac{20 \times 100}{2}=Rs. 1000$

Standard 13

Quantitative Aptitude

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