On selling a table for Rs. 210 and Rs. 420 there will be loss of L1 % and L2 % respectively. If L1 - L2 = 7, then what is the cost price of table.
Answer & explanation
Correct answer: option 2
We have,
First selling price of a table = Rs. 210
Another selling price of a table = Rs. 420
There will be loss of L1% and L2 % respectively.
L1 - L2 = 7
According to the question,
SP1 = Rs. 210
= CP = 100 × 210/(100 - L1%)
= SP2 = Rs. 420
= CP = 100 × 420/(100 - L2%)
We know that, both CP are equal,
= 100 × 210/(100 - L1%) = 100 × 420/(100 - L2%)
= 210/(100 - L1%) = 420/(100 - L2%)
= 2(100 - L1%) = (100 - L2%)
= 200 - 2L1 = 100 - L2
= 2L1 - L2 = 100
Given, L1 - L2 = 7.
= L1 = 7 + L2
Put the value of L1
= 2(7 + L2) - L2 = 100
= 14 + 2L2 - L2 = 100
= L2 = 86%
= CP = 100 × 420/(100 - 86)
= CP = 100 × 420/14
= CP = 100 × 30 = 3000