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Question

A shopkeeper sold sarees at Rs. 266 each after giving a 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 each saree?

A
Rs. 240
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B
Rs. 260
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C
Rs. 280
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D
Date indepequate
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E
None of these
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Solution

The correct option is C None of these
Let us assume that the labeled price is equal to x.

95100×x=266
x=Rs. 280

Now consider that the cost price of the saree is equal to y. Then,
Profit%=12=(280y)×100y
12y=28000100y112y=28000y=Rs. 250

Hence, option D is the correct answer.

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