The labelled price of a cupboard is Rs. 6500. The shopkeeper sold it by giving 5% discount on the labelled price and earned a profit of 15%. What approximately is the cost price of the cupboard?
Choose the correct option:
A) 5350	B) 5450	C) 5500	D) 5700	E) None
Sol.   S.P. = 95% of Rs. 6500 = Rs. [95 / 100 * 6500] = Rs. 6175.   Profit = 15%.   ∴ C.P. = Rs. [110 / 115 * 6175] = Rs. 5369.56 = Rs. 5350.   5350nswer 5350
<result>A</result>
The labelled price of a cupboard is Rs. 6500. The shopkeeper sold it by giving 5% discount on the labelled price and earned a profit of 15%. What approximately is the cost price of the cupboard?