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Question

Tarun got 30 concession on the labelled price of an article and sold it for Rs.8750 with 25 profit on the price he bought. What was the labelled price ?

A
Rs.10,000
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B
Rs.12,000
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C
Rs.16,000
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D
Data inadequate
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E
None of these
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Solution

The correct option is B Rs.10,000
Let the labelled price be x Rs
Price at which =x3010×x
he bought =(7x10) Rs
Also profit is 25%
125% of 7x10=8750 Rs
54×7x10=8750 Rs
x=8750×4×105×7
x=10000 Rs
Labelled price is 10000 Rs

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