Question : The difference between the cost price and the selling price of a pair of shoes is Rs. 1,200. If the profit is 15%, the selling price is:
Option 1: Rs. 8,200
Option 2: Rs. 9,200
Option 3: Rs. 8,000
Option 4: Rs. 9,000
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Correct Answer: Rs. 9,200
Solution :
Given: The difference between the cost price and selling price = Rs. 1200
The difference in percentage between the cost price and selling price = 15%
$\because$ Both the differences are equal.
Thus, $\frac{15}{100}$ of the cost price = 1200
$\therefore$ The cost price = Rs. 8000
Selling price = cost price + profit = 8000 + 1200 = 9200
Hence, the correct answer is Rs. 9200.
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