Arithmetic Ability
Profit and Loss

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Q.

Tarun 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 ?

View Answer

Correct choice: A

Explanation:

Cost Price = Rs.[100/125×8750] = Rs. 7000. Let the labelled price be Rs. x. Then, 70100*x=7000 ⇒x=Rs.(7000*100/70) = Rs.10000
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