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 ?

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 ?

Cost Price = R s . 100 125 × 8750 = Rs. 7000. Let the labelled price be Rs. x. Then, 70 100 * x = 7000 ⇒ x = R s . 7000 * 100 70 = Rs.10000

10000
12000
13000
14000

Correct Answer: 10000

Explanation:

Cost Price = $R s . \frac{100}{125} \times 8750$ = Rs. 7000. Let the labelled price be Rs. x.

Then, $\frac{70}{100} * x = 7000$ $\Rightarrow x = R s . \frac{7000 * 100}{70}$

= Rs.10000

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