A dining chair is sold at a loss of 8%. If it had been sold for Rs. 270 more, there would have been a gain of 10%. What is its cost price?
Correct answer B. Rs. 1,500
Explanation
Moving from an 8% loss to a 10% gain is a change of 18% of CP. So 18% of CP = 270 and CP = 270 × 100/18 = Rs. 1,500.
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