In a Winter sale offer a shopkeeper allows a discount of 15% Even after giving the discount he makes a profit of 6.25% Raghav bought a sweater which was marked at Rs 5000 Find the cost price of this sweater for the shopkeeper
A
Rs 5000
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B
Rs 4000
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C
Rs 4250
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D
Rs 5250
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Solution
The correct option is A Rs 4000 marked Price= Rs 5000 discount= 15%=5000*15/100=Rs 750 selling price=5000-750=Rs 4250 Profit %=6.25% 6.25=(4250−cp)×100cp 6.25cp=425000−100cp 106.25cp=425000 cp=Rs4000 Answer (B) Rs 4000