A shopkeeper sold sarees at Rs.266 each after giving 5% discount on la – InterviewSolution

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A shopkeeper sold sarees at Rs.266 each after giving 5% discount on labeled 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 eac

Answer»

RS. 250

95% of the labeled price = Rs. 266; :. Labelled Price = 266 × 100/95 = Rs.280

i.e. 112% of CP = Rs.280; So, the COST price = 280 × 100/112 = Rs.250.

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