A man sold his furniture at a 25% gain. Had he sold it at 15% loss, he would have received Rs.800 less. Find cost price of the furniture.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e Rs.2,000.
| Understanding/Application |
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Let the cost price of the furniture be x. S.P. of furniture at 25% gain = 125(C.P.)/100 S.P. of furniture at 15% loss = 85(C.P)/100 |
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Acc. to the problem - 125(C.P.)/100 - 85(C.P.)/100 = 800 40(C.P.)/100 = 800 C.P. = 2000 C.P. of furniture = Rs. 2000 |