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A person sells a table at a profit of 10%. If he had bought the table at 5% less cost and sold for $ 80 more, he would have gained 20%. The cost price of the table is
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- $ 3,200
- $ 2,500
- $ 2,000
- $ 200
Correct Option: C
Suppose CP of table be y .
| SP at a profit of 10% = | = | 100 | 10 |
| CP at 5% less = | = | 100 | 20 |
According to question ,
| × | = | | + 80 | | 20 | 100 | 10 |
| ⇒ | - | = 80 | 50 | 10 |
| ⇒ | = 80 | 50 |
| ⇒ y = | = $ 2000 | 2 |
