Multiple choice

Arun sold a fan at a loss of 7%. If he had sold it for Rs. 48 more, he would have gained 5%. Find the cost price of the fan.

  1. Rs. 350

  2. Rs. 480

  3. Rs. 240

  4. Rs. 400

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP be x. Loss of 7% means SP1 = 0.93x. Gain of 5% means SP2 = 1.05x. Difference = 1.05x - 0.93x = 0.12x = 48. x = 48 / 0.12 = 400.

AI explanation

Let the cost price be CP, making the initial selling price 93% of CP and the desired selling price 105% of CP. The difference of Rs. 48 equals the difference between 105% and 93%, which is 12% of the cost price. Setting up the equation 0.12 CP = 48, we find the cost price is 48 divided by 0.12, resulting in Rs. 400.

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