By selling a table for $ 350 instead of $ 400, loss percent

Home » Aptitude » Profit and Loss » Question

By selling a table for $ 350 instead of $ 400, loss percent increases by 5%. The cost price of table is :

Let the C.P. of table be y
According to the question ,

∴			y - 350	-	y - 400			× 100 = 5
			y		y

⇒	y - 350 - y + 400	× 100 = 5
	y

∴ y =	50 × 100	= $ 1000
	5

∵ 5% of C.P. = $ 50

∴ C.P. =	50 × 100	= $ 1000
	50