A person sold a table at a profit of 15%. If he had bought it for 25% less and then sold it for ₹60 less than his original selling price, he would have made a profit of 32%. What was the original cost price of the table?
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A₹ 300
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B₹ 350
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C₹ 375
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D₹ 400
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ENone of these
Answer
Correct Answer: ₹ 375
Explanation
Introduction / Context:We are given two linked scenarios: the actual sale (15% gain on the true cost) and a hypothetical case where both the cost and selling price change, producing a different profit percentage. Expressing all prices in terms of the original cost allows us to form one linear equation and solve for the original cost price (CP).
Given Data / Assumptions:
- Original CP = x; original SP = 1.15x
- Alternate CP′ = 0.75x (25% less)
- Alternate SP′ = original SP − ₹60 = 1.15x − 60
- Alternate profit% = 32% on CP′ ⇒ SP′ = 1.32 * CP′ = 1.32 * 0.75x = 0.99x
Concept / Approach:Equate the two expressions for SP′ to eliminate SP′ and obtain a single equation in x. This is a common “what if” profit-and-loss transformation technique.
Step-by-Step Solution:1.15x − 60 = 0.99x0.16x = 60 ⇒ x = 60 / 0.16 = ₹375
Verification / Alternative check:Original sale: SP = 1.15 * 375 = ₹431.25. Alternate: CP′ = 0.75 * 375 = ₹281.25 and SP′ = 431.25 − 60 = ₹371.25; profit% = (371.25 − 281.25)/281.25 * 100 = 32% — consistent.
Why Other Options Are Wrong:₹300/₹350/₹400 do not satisfy the exact 32% condition after the stipulated changes.
Common Pitfalls:Applying the 25% reduction to the selling price instead of cost; mixing up which price is reduced by ₹60; rounding too early.
Final Answer:₹ 375