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If a man reduces the selling price of a fan from 400 to 380 his loss increases by 20% .What is the cost price of fan ?

380
200
500
400
Explanation:
Let the cost price be x. Then initial loss = x - 400
Given that 20% ( x - 400) = 20
⇒ x - 400 = 100
⇒ x = 500
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