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A T.V was sold at a profit of 5%. If it had been sold at a profit of 10%, the profit would have been Rs. 1000 more. What is its cost price?
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- Rs. 20000
- Rs. 5000
- Rs. 10000
- Rs. 15000
Correct Option: A
Let the C.P. of television be Rs. y.
According to the question,
(10 – 5)% of y = 1000
⇒ 5% × y = 1000
⇒ y = | = 1000 | 100 |
⇒ y = | = Rs. 20000 | 5 |