The number of tables that can be purchased by a person in Rs.2800 gets reduced by 20 if the price is increased by 40%. What is the initial price of each table?
Answer & explanation
Correct answer: option 1
Let the initial price of each table be x
Increased price = 140% × x = 1.4x
\(\frac{2800}{x}\) - 20 = \(\frac{2800}{1.4x}\)
\(\frac{800}{x}\) = 20
⇒ x = Rs. 40