Logical reasoning - Quantitative Aptitude (MCQ) questions for Q. 21229

Q.  The labeled price of a table is Rs. 7,500. The shopkeeper sold it by giving 5% discount on the labeled price and earned a profit of 15%. What approximately is the cost price of the table?
- Published on 25 Apr 16

a. Rs. 5758
b. Rs. 6195
c. Rs. 6425
d. Rs. 7200

ANSWER: Rs. 6195
 
Labeled price = Rs. 7,500
By giving 5% discount on labeled price, the selling price is
= 95 / 100 * 7500 = Rs. 7125
By earning 15% profit on the selling of price Rs. 7125 the cost price is
= 100 / 115 * 7125 = Rs. 6195.65
Therefore, approximate cost is 6195.65

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