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      Question

      A trader purchases an item at 25% below the labeled

      price and sells it at 35% above the labeled price. If his profit is ₹1,500, what is the cost price of the item?
      A 2,150 Correct Answer Incorrect Answer
      B 1,875 Correct Answer Incorrect Answer
      C 2,400 Correct Answer Incorrect Answer
      D 2,550 Correct Answer Incorrect Answer
      E 2,700 Correct Answer Incorrect Answer

      Solution

      Let the labeled price = 100y  Cost price = 75y  Selling price = 135y  Profit = 135y – 75y = 60y  1,500 = 60y  y = 25  Cost price = 75y = 75 × 25 = ₹1,875

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