The labelled price of a cupboard is ₹ 6500. The shopkeeper sold it by giving 5% discount on the labelled… · ABC26GN2840

Subject: General Aptitude · Chapter: Profit and Loss · Exam: Bank P.O. 2008

The labelled price of a cupboard is ₹ 6500. The shopkeeper sold it by giving 5\% discount on the labelled price and earned a profit of 15\%. What approximately is the cost price of the cupboard?

(a)₹ 5000

(b)₹ 5350

(c)₹ 5600

(d)₹ 5800

(e)₹ 6000

Answer

Answer (as printed): B

Explanation

S.P. $=95 \%$ of $₹ 6500=₹\left(\frac{95}{100} \times 6500\right)=₹ 6175$. Profit $=15 \%$. $$\therefore \quad \text { C.P. }=₹\left(\frac{100}{115} \times 6175\right)=₹ 5369.56 \approx ₹ 5350 .$$

Explanation as extracted from the printed page; notation may be imperfect.

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