Multiple choice

The lebelled 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?

  1. $Rs. 5000$
  2. $Rs. 5350$
  3. $Rs. 5600$
  4. $Rs .5800$
  5. $Rs .6000$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

After a 5% discount, the selling price is 6500 × 0.95 = Rs. 6175. With a 15% profit, the cost price is 6175/1.15, approximately Rs. 5370, so Rs. 5350 is the closest option.

Keep practicing — related questions