Marked priced of A is 1600 Rs more than its cost price. When discount on A is 500 there is a profit of 25% obtained. At what price A should be sold to obtain 30% profit.
Answer : Option E
Explanation : MP = 1600 + CP ….(i)
MP – 500 =
4MP = 5CP + 2000 …(ii)
Solving (i) and (ii)
CP = 4400
Required selling price =
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