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  1. 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
    1. Rs. 2,400
    2. Rs. 2,450
    3. Rs. 2,500
    4. Rs. 2,350
Correct Option: C

Let the cost price of fan be Rs. y,
According to the question,
10% of y = 1250 – 1000

y × 100
= 250
100

⇒ y =
250 × 100
= Rs. 2500
10

Note : Here, increase in loss should be 10%.



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