Vijay sells a cupboard at 12% below cost price. Had he got Rs.1650 more, he would have made a profit of 12%. What is the cost price of the cupboard?
Choose the correct choice from the following answers: A) 7450 B) 14900 C) 7400 D) 6875 E) None of these
Explanation:   Cost price = 1650/(0.12 + 0.12) = 2086/0.24   = Rs.6875   ANSWER 6875
<result>D</result>
Vijay sells a cupboard at 12% below cost price. Had he got Rs.1650 more, he would have made a profit of 12%. What is the cost price of the cupboard?