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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