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Profit and Loss

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  1. A got 30% concession on the label price of an article sold for $ 8,750 with 25% profit on the price he bought. The label price was
    1. $ 13,000
    2. $ 16,000
    3. $ 12,000
    4. $ 10,000
Correct Option: D

Let Marked price = $ y

∴ C.P. =
70y
 = $
7y
10010

∴
7y
 ×
125
 = 8750
10100

⇒ y =
8750 × 1000
 = $ 10000
7 × 125


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