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    Question

    A shop keeper sells a wardrobe for ₹12,000 making a

    profit of 20% What is the cost price of the wardrobe?
    A ₹14,000 Correct Answer Incorrect Answer
    B ₹28,000 Correct Answer Incorrect Answer
    C ₹10,000 Correct Answer Incorrect Answer
    D ₹29,000 Correct Answer Incorrect Answer

    Solution

    ATQ, given S.P = Rs.12,000 Profit = 20% = (20/100) = (1/5) let 1 unit  be taken as profit,  5 unit be can taken as C.P therefore, S.P will be = 5 unit + 1 unit = 6 unit  S.P = 6 unit = 12,000 given 1 unit = 2,000 so 5 unit value = 2,000 × 5 = Rs.10,000 Therefore, C.P will be = Rs.10,000

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