Selling a coat at Rs 1425 yields a gain that is 6% more than the gain when selling it at Rs 1353. Find the cost price of the coat.
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ARs. 1000
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BRs. 1250
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CRs. 1500
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DRs. 1200
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ENone of these
Answer
Correct Answer: Rs. 1200
Explanation
Introduction:Two selling prices produce gains that differ by 6 percentage points. Express gains relative to the unknown cost price (CP) and equate the difference to 6%.
Given Data / Assumptions:
- SP1 = Rs 1425, SP2 = Rs 1353
- Gain% at SP1 is 6 percentage points more than at SP2
Concept / Approach:Gain% = (SP − CP)/CP. Difference: [(1425 − CP)/CP] − [(1353 − CP)/CP] = 0.06.
Step-by-Step Solution:[(1425 − CP) − (1353 − CP)] / CP = 0.06(72) / CP = 0.06 ⇒ CP = 72 / 0.06 = 1200
Verification / Alternative check:Gain% at 1353: (1353 − 1200)/1200 = 12.75%. At 1425: (1425 − 1200)/1200 = 18.75%. Difference = 6%.
Why Other Options Are Wrong:1000, 1250, 1500: Do not produce a 6% difference with the given SPs.
Common Pitfalls:Using 6% of SP instead of 6 percentage points of gain on CP.
Final Answer:Rs. 1200