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Naveen sells a table at a profit of 15%. Had he bought it for 20% less and sold it for ₹220 less, he would have made a profit of 30%. The cost price of the table (in ₹) is:

Competition practiceRatio, Percentage & Commercial Math
  • A1760
  • B2000
  • C2200
  • D2500

Step-by-Step Solution

Let the cost be ₹, so the actual selling price is . In the other situation the cost is and a 30% profit means a selling price of . So → → = ₹2000. (Check: CP ₹2000 and SP ₹2300; the other way CP ₹1600 and SP ₹2080, a profit of ₹480 = 30%.)
Answer: B) 2000

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