Manoj sold an article for Rs.15,000. Had he offered a discount of 10% on the selling price he would have earned a profit of 8%. What is the cost price?

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BANK PO Exam (Andhra Bank) 2009 click here to view all questions

Manoj sold an article for Rs.15,000. Had he offered a discount of 10% on the selling price he would have earned a profit of 8%. What is the cost price?

ARs.12,500

BRs.13,500

CRs.12,250

DRs.13,250

Nithin ? undefined

Correct answer is: Rs.12,500

Explanation:

Let the cost price x.
Therefore, 90% of 15000 = 108% of x 

\(= \frac{90 \times 15000}{108}\)

=> x = Rs.12500

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Correct answer is: Rs.12,500 Explanation: Let the cost price x. Therefore, 90% of 15000 = 108% of x  \(= \frac{90 \times 15000}{108}\) => x = Rs.12500 Nithin ? answered undefined All Comments

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