Jatin bought a refrigerator with 20% discount on the labelled price. Had he bought it with 25% discount, he would have saved Rs. 500. At what price did he buy the refrigerator?
A
Rs. 5000
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B
Rs. 10,000
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C
Rs. 12,500
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D
Rs. 15,000
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Solution
The correct option is B Rs. 10,000 Let the labelled price=100 Rs. 20% discount on label price then cost price=100−20=80Rs. If discount is 25% on label price then cost price=100−25=75Rs. Difference of C.P=80−75=5Rs If difference is 5 Rs then labelled price=100Rs. If difference is 500 Rs then labelled price=1005×500=10000Rs.