Q117
ArithmeticPercentage, Profit & Loss
A shopkeeper sold sarees at ₹ 266 each after giving 5% discount on labelled price. If he did not give the discount, he will be able to earn a profit of 12% on the cost price. What was the cost price of each saree?
- a.₹ 280
- b.₹ 250
- c.₹ 240
- d.₹ 260
Answer: (B) ₹ 250
₹ 266 is 95% of the labelled price, so the labelled price is ₹ 280. Selling at ₹ 280 gives a 12% profit, so the cost price is 280 ÷ 1·12 = ₹ 250. ₹ 280 is the labelled price, not the cost.