If a man reduces the selling price of a fan from Rs.400 to Rs.380, his loss increases by 2%. The cost price of the fan is
A. Rs. 480 B. Rs. 500
C. Rs. 600 D. Rs. 1000

• initial s.p.=400
  reduced s.p.=380
  loss=2%(it means 400-380=20, is equivalant to 2%)
  so , 2%=20, 1%=10,and
  100%=1000
  ans=Rs1000
• 12 years agoHelpfull: Yes(5) No(0)
• Let the cost price = x
  so loss in first case = x-400 (consider this as 100%)
  now loss in second case = x-380 (consider this as 102%)
  so (x-400)/100 = (x-380)/102
  or 102x-40800 = 100x-38000
  or 2x = 2800 or x = 1400
  none of the option is correct
• 13 years agoHelpfull: Yes(0) No(2)
• ans is Rs. 1400..none of the option is correct.
  original SP=Rs.400, loss1=CP-400
  after reduction SP=Rs.380, loss2=CP-380
  according to question, loss is increased by 2%..
  loss2=loss1+2%of loss1
  putting values for loss1 and loss2 from above, x=Rs. 1400
  hence, CP=Rs.1400
• 6 years agoHelpfull: Yes(0) No(1)
• First loss =100x-40000/X
  Second loss = 100x-38000/X
  Given
  ((100x-38000)/x)-((100x-40000)lX)=2
  100x-38000-100x+40000 =2x
  2000=2x
  X=1000
• 3 years agoHelpfull: Yes(0) No(0)