Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Jatin bought a refrigerator with 20\% discount on the labelled price. Had he bought it with 25\% discount, he would have saved ₹ 500. At what price did he buy the refrigerator?
(a)₹ 5000
(b)₹ 10,000
(c)₹ 12,500
(d)₹ 15,000
Answer
Answer (as printed): B
Explanation
Let the labelled price be ₹ $x$. Then, $(80 \%$ of $x)-(75 \%$ of $x)=500$ $$\Rightarrow 5 \% \text { of } x=500 \Rightarrow x=\left(\frac{500 \times 100}{5}\right)=10000 .$$
Explanation as extracted from the printed page; notation may be imperfect.