A shopkeeper sold sarees at Rs. 266 each after giving 5% discout on labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree?

• Rs. 250
  
  Labelled Price = 266 x 100/95 = Rs. 280
  As labelled price is 112% of cost price, so CP = 280 x 100/112 = Rs. 250
• 7 years agoHelpfull: Yes(10) No(0)
• At 5% discount the saree is 266.
  
  Therefore,
  The non-discounted (Original Selling Price) = (266*105)/100 = 280 (Reverse verification proves this)
  
  Now this Selling Price is 12% more (Profit) on the Cost Price.
  Therefore,
  Cost Price = (280*88)/100 = 250 (Reverse verification proves this)
• 7 years agoHelpfull: Yes(6) No(4)
• Bhai yeh solution galat h. Answer 246.6 aayega. 250 nhi .. Multiply krke check kro
• 7 years agoHelpfull: Yes(1) No(22)
• (MP-(5*MP/100))=266
  mp=280
  CP=(100/112)*280
  cp=250
• 7 years agoHelpfull: Yes(1) No(0)
• let cp be x
  labelled price = 1.12x
  sp =1.12x *0.95=266
  on solving x=250
• 6 years agoHelpfull: Yes(0) No(0)
• I think there is no need to calculate the labeled price. SP is already given. 5% is just to confuse us. The actual answer should be CP = (266 * 100)/112 = Rs. 237.5.
• 9 Months agoHelpfull: Yes(0) No(0)