Jatin bought a refrigerator with 20% discount on the labelled price. Had he bought it with 25% discount, he could have saved Rs.500. At what price did he buy the refrigerator?
A
Rs.8000
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B
Rs.10000
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C
Rs.12500
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D
Rs.15000
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Solution
The correct option is A Rs.8000 Let the MRP of refrigerator be Rs X according to question, (1 - 0.20)X - (1 -0.25)X = Rs 500 or, 0.05X = 500 X = 10000. Thus, the selling price of refrigerator at 20% discount is = Rs (10000 - 2000) = Rs 8000