An almirah was sold at a profit of 15%. If its cost had been 5% less and it had been sold for 1470 Rs less, then the profit would have been 10%. What is the cost price of the almirah?
Answer & explanation
Correct answer: option 1
CP : SP
Earlier: 100 : 115
Now: 95 : 104.5 (10% of 95 = 9.5)
ATQ,
115R - 104.5 R = 1470
10.5 R = 1470
1R = \(\frac{1470}{10.5}\) = 140
C.P. = 100R = 100 × 140 = 14000/-