Multiple choice

At 'Green Thumb Garden Centre,' a popular nursery known for its rare bonsai trees, Rohan meticulously cared for a unique bonsai and sold it, making a profit of Rs. 1,200. To double his profit, Rohan plans to increase the selling price (SP) of the bonsai by 30%. What was the cost price (CP) of the bonsai that Rohan initially purchased?

  1. Rs. 2,200

  2. Rs. 2,500

  3. Rs. 2,800

  4. Rs. 3,000

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

Profit = 1200. New profit = 2400. Increase in profit = 1200. This increase comes from 30% of the SP. 0.3 * SP = 1200, so SP = 4000. CP = SP - Profit = 4000 - 1200 = 2800.

AI explanation

The initial profit is Rs. 1,200, so doubling the profit requires a new profit of Rs. 2,400, meaning the selling price must increase by 1200. The problem states that this Rs. 1,200 increase represents a 30% increase in the selling price, so using the percentage formula (Part / Whole) x 100, we find the selling price is (1200 / 30) x 100 = Rs. 4,000. The initial cost price equals the selling price minus the initial profit, which is 4000 - 1200 = Rs. 2,800.

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