Multiple choice

If a man reduces the selling price of a fan from Rs. $400$ to Rs. $380$ his loss increases by $4\%$. What is the cost price of the fan in rupees

  1. $600$
  2. $480$
  3. $500$
  4. $450$
Reveal answer Fill a bubble to check yourself
C Correct answer
AI explanation

The reduction in selling price from Rs. 400 to Rs. 380 equals Rs. 20. This Rs. 20 reduction causes a 4% increase in the loss, meaning 4% of the cost price equals 20. Using the percentage formula, the cost price is 20 divided by 0.04, resulting in Rs. 500.