Question : If a craftsman were to sell a table at INR 1,300, he would lose 35%. To gain 30%, he would sell it for:
Option 1: INR 2,600
Option 2: INR 2,500
Option 3: INR 2,300
Option 4: INR 2,400
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Correct Answer: INR 2,600
Solution :
Given: If the craftsman sells the table for INR 1,300 and incurs a loss of 35%, it means that 65% (100% - 35%) of the cost price is INR 1,300.
Let the cost price be CP.
65% of CP = INR 1,300
Now, to gain 30%, the craftsman should sell the table for 130% of the cost price.
The selling price (SP) to gain 30%.
SP = 130% of CP = 2 × 1300 = INR 2,600
Hence, the correct answer is INR 2,600.
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