A shopkeeper sold Sarees at Rs. 266 each after giving 5% discount on labelled price. Had he not give

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7.Profit and Loss

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A shopkeeper sold Sarees at $Rs.$ $266$ each after giving $5\%$ discount on labelled price. Had he not given the discount, he would have earned a profit of $12 \%$ on the cost price. What was the cost price of each Saree? (in $Rs.$)

A

$240$

B

$260$

C

$250$

D

Data inadequate

Solution

Let the cost price of saree be $Rs. x$

Labelled price $=266 \times \frac{100}{95}=Rs. 280$

profit $\%=12=\frac{280-x}{x} \times 100$

or $x\left(\frac{12}{100}+1\right)=280$

or $x=\frac{100}{112} \times 280=Rs. 250$

Standard 13

Quantitative Aptitude

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