The labelled price of a cupboard is Rs. 6500. The shopkeeper sold it by giving 5% discount on the labelled price and earned a profit of 15%. What approximately is the cost price of the cupboard?
Rs. 5370
S.P. = 95% of Rs. 6500, = Rs. (95100×6500) = Rs. 6175.
Profit = 15% .
∴ C.P. = Rs. (100115×6175)= Rs. 5369.56 = Rs. 5370.