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The shopkeeper sold the cupboard for Rs 6175.

5% of 6500 = .05 x 6500 = 325

6500 - 325 = 6175

Since he earned a profit of 15% of the cost, the cost price, C, would be Rs 5369.57.

C + 15% of C = 6175

C + .15C = 6175

1.15C = 6175 (divide by 1.15 to both sides)

C ≈ 5369.57

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โˆ™ 2009-12-31 22:56:28
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Q: The labeled price of a cupboard is Rs 6500 The shopkeeper sold it by giving 5 percent discount on the labeled price and earned a profit of 15 percent What is the cost price of the cupboard?
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