Vijay sells a cupboard at 12% below cost price. Had he got Rs.1500 more, he would have made a profit of 12%. What is the cost price of the cupboard? Choose the most appropriate option:
A) 7450	B) 14900	C) 6250	D) 6000	E) None of these
Explanation:   6250ost price = 1500/(0.12 + 0.12) = 1500/0.24   = Rs.6250   ANSWER 6250
<result>C</result>
Vijay sells a cupboard at 12% below cost price. Had he got Rs.1500 more, he would have made a profit of 12%. What is the cost price of the cupboard?