Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Tarun got 30\% concession on the labelled price of an article and sold it for ₹ 8750 with 25\% profit on the price he bought. What was the labelled price?
(a)₹ 10,000
(b)₹ 12,000
(c)₹ 16,000
(d)Data inadequate
Answer
Answer (as printed): A
Explanation
C.P. $=₹\left(\frac{100}{125} \times 8750\right)=₹ 7000$. Let the labelled price be ₹ $x$. Then $\frac{70}{100} x=7000 \Rightarrow x=₹\left(\frac{7000 \times 100}{70}\right)=₹ 10000$.
Explanation as extracted from the printed page; notation may be imperfect.