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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