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If a man reduces the selling price of a fan from Rs. 1,250 to Rs. 1,000, his loss increases by 20%. The cost price of the fan is
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- Rs. 2,400
- Rs. 2,450
- Rs. 2,500
- Rs. 2,350
Correct Option: C
Let the cost price of fan be Rs. y,
According to the question,
10% of y = 1250 – 1000
⇒ | = 250 | 100 |
⇒ y = | = Rs. 2500 | 10 |
Note : Here, increase in loss should be 10%.