Question

The labelled price of a cupboard is Rs. 6500. The shopkeeper sold it by giving 5%
discount on the labeled price and earned a profit
of 15%. What approximately is the
cost price of the cupboard?​

Answer 1

Answer:

labelled price = 6500

discount given= 5%

therefore 95% of 6500 = 6175

still he earns 15% profit on it.

so let CP be x .

so,

115% of x = 6175

=> 115/100 * x = 6175

=> 115x= 6175*100

=> x = 6175 * 100/115 = CP of the cupboard