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    Question

    A trader purchases an item at 25% below the labeled price and sells it at 35% above the labeled price. If his profit is ₹1,500, what is the cost price of the item?

    A 2,150 Correct Answer Incorrect Answer
    B 1,875 Correct Answer Incorrect Answer
    C 2,400 Correct Answer Incorrect Answer
    D 2,550 Correct Answer Incorrect Answer
    E 2,700 Correct Answer Incorrect Answer

    Solution

    Let the labeled price = 100y  Cost price = 75y  Selling price = 135y  Profit = 135y – 75y = 60y  1,500 = 60y  y = 25  Cost price = 75y = 75 × 25 = ₹1,875

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