Question

Tarun got 30% concession on the labelled price of an article and sold it for Rs.8,750 with 25% profit on the price he bought. What was the labelled price?

• A. Rs.10,000
• B. Rs.12,000
• C. Rs.16,000
• D. Rs.18,000

Hint:

You can work backwards: If SP is \(8750\) with a \(25%\) profit (\(5/4\) of CP), then \(\text{CP} = 8750 \times (4/5) = 7000\). If CP is \(7000\) after a \(30%\) discount (\(70%\) of Labelled Price), then \(\text{Labelled Price} = 7000 / 0.7 = 10000\).

Answer 1

The Correct Option is A