Multiple choice

Ram sells a chair for a loss of 10%. If the chair would have been sold for Rs. 600, he would have got a profit of 20%. What is the difference between the two selling prices?

  1. Rs. 150

  2. Rs. 180

  3. Rs. 100

  4. Rs. 60

  5. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cost price of the chair = 600 * 100/120 = 500 Selling price (for 10% loss) = 500 - (500 * 10/100) = 450 Difference between selling prices = 600 - 450 = Rs. 150

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