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      Question

      Karun got 30% concession on the labelled price

      of an article and sold it for Rs. 8750 with 25% profit on the price he bought. What was the labelled price ?
      A 10000 Correct Answer Incorrect Answer
      B 12000 Correct Answer Incorrect Answer
      C 13000 Correct Answer Incorrect Answer
      D 14000 Correct Answer Incorrect Answer

      Solution

      Cost Price = Rs.[100/125 x 8750] = Rs. 7000. Let the labelled price be Rs. x.
      Then, 70/100x = 7000
      => x = Rs.((7000 x 100)/70) = Rs.10000

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